Arbor Lakes Senior Housing

Analysis

Arbor Lakes Senior Housing is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 2000, 26 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, Arbor Lakes Senior Housing reported income of $563k and spending of $605k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $563k (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arbor Lakes Senior Housing sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Eikon Ministries Inc ($563k), Ahepa 250-V Inc ($563k) and Aspire Community Housing and Economic Develepment Organization ($563k).

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 $2.4m against liabilities of $417k, net assets of $2.0m.

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.