Bethlehem Inn of Waseca

Analysis

Bethlehem Inn of Waseca is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Bethlehem Inn of Waseca reported income of $84k and spending of $127k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $84k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethlehem Inn of Waseca sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Creative Housing Inc VI ($84k), Homes for Independence Space Coast Inc ($84k) and Galax Hope House Ministries Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.