Bethany Home Inc

Analysis

Bethany Home Inc is a registered charity in United States, based in Minden, NE. It received its IRS tax-exemption ruling in April 1922, 104 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bethany Home Inc reported income of $8.6m and spending of $9.3m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $8.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethany Home Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Marycrest Manor ($8.6m), United Needs and Abilities Inc ($8.6m) and National Pace Association ($8.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $135k (1.5% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $11.9m against liabilities of $7.5m, net assets of $4.4m. It reported 149 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.