Bethany House of Laredo Inc

Analysis

Bethany House of Laredo Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in October 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethany House of Laredo Inc reported income of $2.9m and spending of $1.7m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.9m (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany House of Laredo Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Henrys Fork Foundation Inc ($2.9m), Neighbors for a Better San Francisco ($2.9m) and Brothers of Mercy Management Company Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $568k. At year end it held assets of $7.0m against liabilities of $30k, net assets of $7.0m. It reported 28 employees.