Bethursday Development Corporation

Analysis

Bethursday Development Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 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, Bethursday Development Corporation reported income of $165k and spending of $166k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $165k (-94%), an average of -51% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethursday Development Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Kershaw Special Housing Inc ($165k), Regional Housing Solutions ($165k) and Davenport Holding Properties Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 3.7% of the total. Other salaries and wages came to $129k. At year end it held assets of $1.9m against liabilities of $375, net assets of $1.9m. It reported 2 employees.

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.