Bethany Center Senior Housing Inc

Analysis

Bethany Center Senior Housing Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in November 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Bethany Center Senior Housing Inc reported income of $3.9m and spending of $4.3m, spending 111% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $4.2m to $3.9m (-8.6%), an average of -3.0% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Center Senior Housing Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Hope Partnership Inc ($3.9m), 400-408 Housing Development Fund Co Inc ($3.9m) and Shore Area Community Development Corporation ($3.9m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $414k. At year end it held assets of $53.7m against liabilities of $22.8m, net assets of $31.0m. It reported 5 employees.