Bethel Housing Inc

Analysis

Bethel Housing Inc is a registered charity in United States, based in Jonesborough, TN. It received its IRS tax-exemption ruling in July 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bethel Housing Inc reported income of $450k and spending of $517k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $379k to $450k (+19%), an average of +4.4% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Georgia Veterinary Medical Association Foundation Inc ($450k), Hopeline Inc ($451k) and Eastern Surfing Association Inc ($450k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $286k against liabilities of $2.1m, net assets of -$1.8m.

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.