Bethel Ministries Inc

Analysis

Bethel Ministries Inc is a registered charity in United States, based in Sparta, TN. It received its IRS tax-exemption ruling in October 2021, 5 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, Bethel Ministries Inc reported income of $2.8m and spending of $2.9m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $259k to $2.8m (+996%), an average of +231% a year. The sharpest change came in the year to December 2022, when income rose by 786%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethel Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Crescent Cove ($2.8m), Northwest Compass Inc ($2.8m) and Community Action of Laramie County ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $106k (3.7% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.2m against liabilities of $924k, net assets of $234k. It reported 81 employees.