Bethel Colony of Mercy Inc

Analysis

Bethel Colony of Mercy Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in June 1956, 70 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Bethel Colony of Mercy Inc reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $837k to $1.5m (+77%), an average of +15% a year. The sharpest change came in the year to October 2022, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Colony of Mercy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Georgia Coalition Against Domestic Violence Inc ($1.5m), Wheat Marketing Center Inc ($1.5m) and TDC Learning Centers Inc ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 76% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $77k (6.5% of expenses). Other salaries and wages came to $433k. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 30 employees.