PHS Shoreview Inc

Analysis

PHS Shoreview Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 1999, 27 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 Shoreview Inc reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PHS Shoreview Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Housing Development Corporation of ($1.8m), Habitat for Humanity International Inc ($1.8m) and Grandview Apartments Affordable Housing Corporation ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $165k. At year end it held assets of $7.4m against liabilities of $7.3m, net assets of $161k.