Albert Lea Senior Housing Inc

Analysis

Albert Lea Senior Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2008, 18 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, Albert Lea Senior Housing Inc reported income of $173k and spending of $256k, spending 148% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $164k to $173k (+5.4%), an average of +1.3% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albert Lea Senior Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Southeastern Ohio H E a R T Inc ($173k), Berkshire Community Apartments Inc ($173k) and St Francis Home ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.8m against liabilities of $143k, net assets of $1.7m.

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.