Catholic Eldercare at St Hedwigs

Analysis

Catholic Eldercare at St Hedwigs is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Catholic Eldercare at St Hedwigs reported income of $232k and spending of $277k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $221k to $232k (+5.1%), an average of +1.3% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Catholic Eldercare at St Hedwigs sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Homestead Supportive Housingcorporation ($232k), Folsom Oaks Apartments Inc ($232k) and Minority Housing Corporation Topeka ($232k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.3m against liabilities of $175k, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.