Bethany Home Care

Analysis

Bethany Home Care is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in March 1946, 80 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, Bethany Home Care reported income of $265k and spending of $340k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $628k to $265k (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Home Care sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include National Student Employment Association Inc ($265k), Blount County Friends of the Library Inc ($265k) and Boydton Volunteer Fire Department Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $207k. At year end it held assets of $42k against liabilities of $31k, net assets of $11k. It reported 27 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.