Bethel Lutheran Home Inc

Analysis

Bethel Lutheran Home Inc is a registered charity in United States, based in Selma, CA. It received its IRS tax-exemption ruling in November 1961, 65 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 2020, Bethel Lutheran Home Inc reported income of $7.5m and spending of $6.7m, spending 89% of its income. Across the 3 years on record, from December 2017 to December 2020, income grew from $4.9m to $7.5m (+52%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Lutheran Home 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Ettie Lee Youth & Family Services ($7.5m), Helping Ourselves Pursue Enrichment Inc ($7.5m) and Regents of the University of Idaho Group Return ($7.5m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $293k. At year end it held assets of $6.1m against liabilities of $4.6m, net assets of $1.5m. It reported 179 employees.