Bethel Music

Analysis

Bethel Music is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Bethel Music reported income of $18.4m and spending of $18.3m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $12.8m to $18.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to July 2023, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bethel Music sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Vaad Harabbanim Linyanei Tzeduka Inc ($18.4m), Christianity Today International ($18.4m) and Zaytuna College ($18.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 11% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $18.4m against liabilities of $4.4m, net assets of $14.0m.