Bethesda Associates

Analysis

Bethesda Associates is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bethesda Associates reported income of $4.6m and spending of $5.7m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.6m to $4.6m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bethesda Associates sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Jewish Columbus ($4.5m), Benedictine School for Exceptional Children Foundation Inc ($4.6m) and Paraclete Mission Group Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $987k (17% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $37.0m against liabilities of $8.2m, net assets of $28.8m. It reported 50 employees.