Bethel Lutheran Home Foundation Inc

Analysis

Bethel Lutheran Home Foundation Inc is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bethel Lutheran Home Foundation Inc reported income of $266k and spending of $148k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $250k to $266k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethel Lutheran Home Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within SD. Charities of a similar size with the same main cause include Jesus Inn Ministries ($266k), Womens Health Services Inc ($266k) and Athens Area Diaper Bank Inc ($266k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.5m against liabilities of $10k, net assets of $1.5m.