Bethel Towers Inc

Analysis

Bethel Towers Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bethel Towers Inc reported income of $578k and spending of $575k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $438k to $578k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethel Towers Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Church of Christ Non Profit Housingcorporation ($578k), CJK Community Homes ($578k) and Quincy Development Association ($578k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.9m against liabilities of $3.4m, net assets of -$1.5m. It reported 3 employees.