Bethel Community Services Foundation Inc

Analysis

Bethel Community Services Foundation Inc is a registered charity in United States, based in Bethel, AK. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Services Foundation Inc reported income of $6.5m and spending of $6.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $6.5m (+458%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bethel Community Services Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within AK. Charities of a similar size with the same main cause include Healthy Futures of Texas ($6.5m), The Community Foundation of Delaware County ($6.6m) and Wesley Homes Foundation a Supporting Organization ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $122k (2.0% of expenses). Other salaries and wages came to $194k. At year end it held assets of $7.2m against liabilities of $473k, net assets of $6.7m. It reported 6 employees.