Bethel Housing Community Development Inc

Analysis

Bethel Housing Community Development Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in September 1995, 31 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 December 2023, Bethel Housing Community Development Inc reported income of $797k and spending of $1.0m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $797k to $797k (+0.0%), an average of +0.0% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethel Housing Community Development Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Menorah Terrace ($797k), Pennsauken Lutheran Housing Inc ($797k) and Emc Affordable Housing Preservation ($797k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.1m against liabilities of $3.9m, net assets of -$747k.

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.