Bledsoe Lane Supportive Housing Inc

Analysis

Bledsoe Lane Supportive Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2007, 19 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 June 2024, Bledsoe Lane Supportive Housing Inc reported income of $214k and spending of $350k, spending 164% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $189k to $214k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bledsoe Lane Supportive Housing Inc 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 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Brown County Mental Health Center Hud 202 Board ($214k), Cra Community Developement Group Incorporated ($214k) and Luther Foundation of Southern Chester County Inc ($214k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 37% of the total. Other salaries and wages came to $47k. At year end it held assets of $3.6m against liabilities of $154k, net assets of $3.4m.

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.