Benedictine Living Community Owatonna

Analysis

Benedictine Living Community Owatonna is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Benedictine Living Community Owatonna reported income of $11.0m and spending of $11.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.8m to $11.0m (-6.8%), an average of -1.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Living Community Owatonna sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include The Waterbury Young Mens Christian Association ($11.0m), America250 Org Inc ($11.0m) and Harris House Foundation ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $15.4m against liabilities of $13.6m, net assets of $1.9m. It reported 236 employees.