Bethesda Cares Inc

Analysis

Bethesda Cares Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethesda Cares Inc reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.6m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethesda Cares Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Mother Lode Rehabilitation Enterprises Inc ($2.6m), Waste Not Want Not ($2.6m) and Kings County Commission on Aging Council ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $55k, net assets of $2.2m. It reported 28 employees.