Bethel University

Analysis

Bethel University is a registered charity in United States, based in MC Kenzie, TN. It received its IRS tax-exemption ruling in October 1946, 80 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 July 2023, Bethel University reported income of $51.5m and spending of $50.9m, spending 99% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $58.7m to $51.5m (-12%), an average of -4.3% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethel University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Indiana Online Learning Options Inc ($51.5m), Florida Atlantic University Foundation Inc ($51.5m) and Philadelphia Performing Arts a String Theory Charter School ($51.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.3m (2.6% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $98.0m against liabilities of $58.2m, net assets of $39.8m. It reported 864 employees.