Mankato Rehabilitation Center Inc

Analysis

Mankato Rehabilitation Center Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in August 1956, 70 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mankato Rehabilitation Center Inc reported income of $119.8m and spending of $118.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.7m to $119.8m (+29%), an average of +6.6% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mankato Rehabilitation Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Brooklyn Navy Yard Development Corporation ($119.3m), Goodwill Industries of Kentucky Inc ($127.9m) and American Association of State Highway & Transportation Officials ($115.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $433k (0.4% of expenses). Other salaries and wages came to $97.4m. At year end it held assets of $36.6m against liabilities of $11.3m, net assets of $25.3m. It reported 6,330 employees.