Bethany Home Inc

Analysis

Bethany Home Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in August 1962, 64 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 June 2024, Bethany Home Inc reported income of $890k and spending of $539k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $958k to $890k (-7.2%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 192% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Home Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include West Tennessee Hearing and Speech Center Inc ($890k), Michigan Rowing Association ($890k) and Asociacion Mutua de Orientacion Y Rehabilitacion Aka Amor ($890k).

Other salaries and wages came to $87k. At year end it held assets of $3.1m against liabilities of $563k, net assets of $2.5m. It reported 1 employees.