Bethel Community Foundation

Analysis

Bethel Community Foundation is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethel Community Foundation reported income of $622k and spending of $628k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $622k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethel Community Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Launch Network ($622k), The Payton Wright Foundation Inc ($623k) and Rosedale Union School District Parent Council ($622k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). At year end it held assets of $266k against liabilities of $93k, net assets of $173k. It reported 9 employees.