Souderton Mennonite Homes

Analysis

Souderton Mennonite Homes is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in March 1947, 79 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Souderton Mennonite Homes reported income of $25.2m and spending of $24.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $25.2m (+11%), an average of +2.7% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Souderton Mennonite Homes sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Interfaith Community Services Inc ($25.2m), Midwest Community Health Associates Inc ($25.2m) and Homewise Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 90% of the total. Other salaries and wages came to $9.9m. At year end it held assets of $65.0m against liabilities of $16.3m, net assets of $48.7m. It reported 394 employees.