Bethany Covenant Home
EIN: 410706103 · Slokie, IL · NTEE: P700
| Metric | Value |
|---|---|
| Total Expenses | $2.0M |
| Net Assets | $0 |
Is Bethany Covenant Home Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bethany Covenant Home
Bethany Covenant Home (EIN: 410706103) is a nonprofit organization based in Slokie, IL, classified under NTEE code P700. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethany Covenant Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethany Covenant Home is a mid-size nonprofit that has been operating for 51 years, with 2 years of IRS 990 filings on record (2012–2013). Revenue has grown at a compound annual rate of 79.2%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $92K |
| Total Liabilities | $92K |
| Net Assets | $0 |
| Operating Margin | 70.2% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2013, Bethany Covenant Home reported a surplus of $4.7M with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 2 years of filings (2012–2013), Bethany Covenant Home's revenue has grown at a compound annual growth rate (CAGR) of 79.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +79.2% | -56.5% | -95.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bethany Covenant Home has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bethany Covenant Home with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Bethany Covenant Home
Is Bethany Covenant Home a legitimate charity?
Bethany Covenant Home (EIN: 410706103) is a registered tax-exempt nonprofit based in Illinois. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Bethany Covenant Home spend its money?
Bethany Covenant Home reported its financials in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bethany Covenant Home tax-deductible?
Bethany Covenant Home is registered as a tax-exempt nonprofit (EIN: 410706103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bethany Covenant Home located?
Bethany Covenant Home is headquartered in Slokie, Illinois and files with the IRS under EIN 410706103. It is classified under NTEE code P700.
How many years of IRS 990 filings does Bethany Covenant Home have?
Bethany Covenant Home has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Bethany Covenant Home showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2012–2013), Bethany Covenant Home's revenue has grown by 79.2%, moving from $3.8M to $6.7M. Total assets decreased by 95.1% over the same period, from $1.9M to $92K. Total functional expenses fell by 56.5%, from $4.6M to $2.0M. In its most recent filing year (2013), Bethany Covenant Home reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $92K in liabilities against $92K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $6.7M | $2.0M | $92K | $92K | — | View 990 |
| 2012 | $3.8M | $4.6M | $1.9M | $6.6M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethany Covenant Home:
Data Sources and Methodology
This transparency report for Bethany Covenant Home is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.