Bethel Community Storehouse

Analysis

Bethel Community Storehouse is a registered charity in United States, based in Moriarty, NM. It received its IRS tax-exemption ruling in April 1991, 35 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 Community Storehouse reported income of $455k and spending of $465k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $455k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethel Community Storehouse sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include Ashland Emergency Food Bank ($455k), American Association of Adapted Sports Programs Inc ($455k) and New Hill Development Corporation ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $49k (11% of expenses). Other salaries and wages came to $98k. At year end it held assets of $724k against liabilities of $4,077, net assets of $720k. It reported 13 employees.