Buffalo Lake Healthcare Center Inc

Analysis

Buffalo Lake Healthcare Center Inc is a registered charity in United States, based in Buffalo Lake, MN. It received its IRS tax-exemption ruling in July 2010, 16 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 September 2023, Buffalo Lake Healthcare Center Inc reported income of $6.4m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.9m to $6.4m (+9.7%), an average of +2.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buffalo Lake Healthcare Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Brothers of Mercy Sacred Heart Home Inc ($6.4m), Pinnacle Prevention Corp ($6.4m) and Communities United for Restorative Youth Justice ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $142k (2.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.9m against liabilities of $7.5m, net assets of $3.4m. It reported 119 employees.