Bethlehem Baptist Church

Analysis

Bethlehem Baptist Church is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethlehem Baptist Church reported income of $2.0m and spending of $1.7m, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.3m to $2.0m (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethlehem Baptist Church sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Knoxville Academy of Medicine Foundation ($2.0m) and Northern Oswego County Ambulance Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $114k (6.6% of expenses). Other salaries and wages came to $785k. At year end it held assets of $2.6m against liabilities of $559k, net assets of $2.0m. It reported 23 employees.