PHM Inver Grove Inc

Analysis

PHM Inver Grove Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 2001, 25 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, PHM Inver Grove Inc reported income of $11.3m and spending of $9.3m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.4m to $11.3m (+21%), an average of +4.9% a year. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PHM Inver Grove Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity of the Chesapeake Inc ($11.3m), Blugold Real Estate Foundation Inc ($11.3m) and Moorings Park Institute Incorporated ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $39.9m against liabilities of $25.6m, net assets of $14.3m.