PHS Cottage Grove Inc

Analysis

PHS Cottage Grove Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in January 2004, 22 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, PHS Cottage Grove Inc reported income of $15.5m and spending of $16.0m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.9m to $15.5m (+75%), an average of +15% a year. The sharpest change came in the year to September 2020, when income rose by 48%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PHS Cottage Grove Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Christian Care Surprise Inc ($15.5m), Satellite Aha Development Inc ($15.5m) and East Bay Innovations Inc ($15.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $54.8m against liabilities of $62.9m, net assets of -$8.1m.

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.