Presbyterian Homes and Services

Analysis

Presbyterian Homes and Services is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in January 1957, 69 years ago. 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 September 2023, Presbyterian Homes and Services reported income of $32.6m and spending of $31.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $28.0m to $32.6m (+17%), an average of +3.9% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Homes and Services sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Saluscare Inc ($32.6m), Wisconsin Early Childhood Association Inc ($32.6m) and University of Chicago Self Insurance Trust ($32.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Other salaries and wages came to $13.8m. At year end it held assets of $67.6m against liabilities of $36.6m, net assets of $31.0m.