Bethel Foundation

Analysis

Bethel Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2005, 21 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 July 2023, Bethel Foundation reported income of $301k and spending of $450k, spending 150% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $738k to $301k (-59%), an average of -20% a year. The sharpest change came in the year to July 2020, when income dropped by 42%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethel Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within OK. Charities of a similar size with the same main cause include American Housing Preservation Corporation ($301k), Leeway-Putnam Housing Corp ($301k) and Germantown Home Section 811 Corporation ($301k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (4.8% of expenses). At year end it held assets of $837k against liabilities of $946k, net assets of -$109k.