New Bethel Community Development Corporation

Analysis

New Bethel Community Development Corporation is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Bethel Community Development Corporation reported income of $1.3m and spending of $121k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $161k to $1.3m (+719%), an average of +719% a year. The sharpest change came in the year to December 2023, when income rose by 719%. Over the whole period it spent 21% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Bethel Community Development Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MS. Charities of a similar size with the same main cause include Manna Conejo Valley Food Distribution Center Inc ($1.3m), City Outreach Inc ($1.3m) and Disabled Resources Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.