Bethany College

Analysis

Bethany College is a registered charity in United States, based in Lindsborg, KS. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bethany College reported income of $33.7m and spending of $33.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.9m to $33.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethany College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include Ursuline College ($33.7m), Athens Regional Physician Services Inc ($33.7m) and Alliance for Community Empowerment Inc ($33.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $974k (2.9% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $43.5m against liabilities of $45.3m, net assets of -$1.8m. It reported 480 employees.