East Edina Housing Foundation

Analysis

East Edina Housing Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Edina Housing Foundation reported income of $289k and spending of $95k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $289k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 1659%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Edina Housing Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Mother Teresa Home ($289k), Ales Foundation ($289k) and Holie VII Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 38% of the total. At year end it held assets of $12.1m against liabilities of $4,169, net assets of $12.1m.