Eriks Ranch Inc

Analysis

Eriks Ranch Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eriks Ranch Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-0.0%), an average of +-0.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eriks Ranch Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Hospice of Montezuma Inc ($1.4m), Clear Lake Gleaners Inc ($1.4m) and Womens Aid in Crisis ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $70k (4.7% of expenses). Other salaries and wages came to $654k. At year end it held assets of $4.9m against liabilities of $1.0m, net assets of $3.9m. It reported 34 employees.