Hope for Bethesda Inc

Analysis

Hope for Bethesda Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hope for Bethesda Inc reported income of $97k and spending of $111k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $97k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 148% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Bethesda Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Newburgh Lgbtqia Center ($97k), Minnesota Disability Support Alternatives ($97k) and Ezer Halbosho Lyeled Clothing Fund for Children ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.