Bethesda Changers Chapel

Analysis

Bethesda Changers Chapel is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Bethesda Changers Chapel reported income of $63k and spending of $62k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $63k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bethesda Changers Chapel sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Betty Swann Ministries ($63k), Muslim Community Center Corp ($63k) and Goals for Life Project Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $8,900 (14% of expenses). At year end it held assets of $75k against liabilities of $7,810, net assets of $67k.