Wellstone Commons Senior Housing

Analysis

Wellstone Commons Senior Housing is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Wellstone Commons Senior Housing reported income of $219k and spending of $306k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $219k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 20%. 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, Wellstone Commons Senior Housing sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Murphy Lake Apartments Housing Corporation ($219k), Community Resolution Center ($219k) and Pollywog Creek Senior Housing Incorporated ($218k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $34k, net assets of $1.5m.

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.