Bethany House of Hospitality

Analysis

Bethany House of Hospitality is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2017, 9 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, Bethany House of Hospitality reported income of $843k and spending of $622k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $843k (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethany House of Hospitality sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Faith Tabernacle Ministries ($843k), Sioux YMCA ($843k) and United in Harmony ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $64k (10% of expenses). Other salaries and wages came to $218k. At year end it held assets of $2.5m against liabilities of $15k, net assets of $2.5m. It reported 7 employees.