Bethany Inc

Analysis

Bethany Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bethany Inc reported income of $109k and spending of $209k, spending 192% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $151k to $109k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 20th percentile within DC. Charities of a similar size with the same main cause include Watertower Residential Inc ($109k), Homeless Task Force ($109k) and Adoration Abode Inc ($108k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $588k against liabilities of $52k, net assets of $536k. It reported 2 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.