Bethesda Home of Aberdeen Inc

Analysis

Bethesda Home of Aberdeen Inc is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethesda Home of Aberdeen Inc reported income of $12.8m and spending of $13.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.0m to $12.8m (+15%), an average of +3.7% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethesda Home of Aberdeen Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within SD. Charities of a similar size with the same main cause include Healing Place Inc ($12.8m), Bradenton Christian School Society Inc ($12.8m) and Northeast Entrepreneur Fund Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $246k (1.8% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $15.0m against liabilities of $6.6m, net assets of $8.5m. It reported 287 employees.