Benedictine Senior Living Community of St Peter

Analysis

Benedictine Senior Living Community of St Peter 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Benedictine Senior Living Community of St Peter reported income of $2.4m and spending of $2.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.4m (+1.6%), an average of +0.4% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Senior Living Community of St Peter sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Boy Scouts of America ($2.4m), Silverado Policy Accelerator Inc ($2.4m) and Military Community Youth Ministries ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $885k. At year end it held assets of $5.8m against liabilities of $7.5m, net assets of -$1.6m.

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.