Presbyterian Homes of North Oaks Inc

Analysis

Presbyterian Homes of North Oaks Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presbyterian Homes of North Oaks Inc reported income of $25.9m and spending of $23.5m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.7m to $25.9m (+14%), an average of +3.3% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes of North Oaks Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Apostolic Christian Lifepoints Inc ($25.9m), Christwood ($25.9m) and Peoples Equal Action and Community Effort Inc ($25.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $93.3m against liabilities of $96.1m, net assets of -$2.7m.