Bethany Center for Prayer and Renewal Inc

Analysis

Bethany Center for Prayer and Renewal Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bethany Center for Prayer and Renewal Inc reported income of $1.2m and spending of $216k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.2m to $1.2m (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 374%. Over the whole period it spent 13% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bethany Center for Prayer and Renewal Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Grace House Ministries ($1.2m), Wesleyan Covenant Association ($1.2m) and Christian Healing Ministries Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.6m against liabilities of $1.5m, net assets of $3.2m.