Bethel Corporation

Analysis

Bethel Corporation is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bethel Corporation reported income of $216k and spending of $57k, leaving 74% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $493k to $216k (-56%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethel Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Noahs Ark Childrens Home Inc ($216k), Friends Vva Apartments Inc ($216k) and Bentley Woods Inc ($216k).

At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m. It reported 1 employees.