Bethesda Center for the Homeless Inc

Analysis

Bethesda Center for the Homeless Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bethesda Center for the Homeless Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $803k to $1.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethesda Center for the Homeless Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Waterville Area YMCA ($1.0m), The Glen-Ed Pantry ($1.0m) and Concern for Neighbors Food Bank ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (7.0% of expenses). Other salaries and wages came to $591k. At year end it held assets of $2.1m against liabilities of $829k, net assets of $1.3m. It reported 47 employees.