Bethlehem Housing Inc

Analysis

Bethlehem Housing Inc is a registered charity in United States, based in Hudson, FL. It received its IRS tax-exemption ruling in March 1946, 80 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, Bethlehem Housing Inc reported income of $510k and spending of $560k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $421k to $510k (+21%), an average of +4.9% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethlehem Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include The Auxiliary of the Alamance Regional Medical Center Inc ($510k), Jaron Ministries International Inc ($510k) and Fairbanks Symphony Assoc Inc ($510k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. Other salaries and wages came to $132k. At year end it held assets of $2.3m against liabilities of $589k, net assets of $1.7m. It reported 5 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.