Ebenezer Lakes Senior Housing

Analysis

Ebenezer Lakes Senior Housing is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ebenezer Lakes Senior Housing reported income of $225k and spending of $372k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $225k (+17%), an average of +3.9% a year. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebenezer Lakes Senior Housing sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Springboard Cdfi ($225k), Wausaukee Housing Corporation ($225k) and Harbor Point Housing Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $81k. At year end it held assets of $2.9m against liabilities of $697k, net assets of $2.2m.

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.