Bethel Family Ministries

Analysis

Bethel Family Ministries is a registered charity in United States, based in Canton, NC. It received its IRS tax-exemption ruling in July 1996, 30 years ago. 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 August 2023, Bethel Family Ministries reported income of $586k and spending of $467k, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $185k to $586k (+216%), an average of +33% a year. The sharpest change came in the year to August 2021, when income rose by 111%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Family Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Fatty Acid Research Institute ($586k), Colorado Christian Service Camp Inc ($586k) and Angels in Motion Learning Center Inc ($585k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.4% and program service revenue 87% of the total. Other salaries and wages came to $317k. At year end it held assets of $384k against liabilities of $47k, net assets of $337k. It reported 30 employees.