Carondelet Village Inc

Analysis

Carondelet Village Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in April 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carondelet Village Inc reported income of $17.2m and spending of $16.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.3m to $17.2m (+20%), an average of +4.7% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carondelet Village Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Sisters of Charity Housing Development Corporation ($17.2m), Habitat for Humanity International Inc ($17.2m) and Vietnam Veterans Workshop Inc ($17.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.2% and program service revenue 93% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $50.6m against liabilities of $46.3m, net assets of $4.2m.