Teamster Retiree Housing of Minneapolis Incorporated

Analysis

Teamster Retiree Housing of Minneapolis Incorporated is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in March 1988, 38 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, Teamster Retiree Housing of Minneapolis Incorporated reported income of $522k and spending of $475k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $383k to $522k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teamster Retiree Housing of Minneapolis Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Florida Non-Profit Services Inc ($522k), Next Chapter Foundation ($522k) and Jesus Loves You Ministry Inc ($521k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $71k. At year end it held assets of $829k against liabilities of $1.4m, net assets of -$606k. It reported 3 employees.