Community Memorial Home at Osakis Minn Incorporated

Analysis

Community Memorial Home at Osakis Minn Incorporated is a registered charity in United States, based in Osakis, MN. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Community Memorial Home at Osakis Minn Incorporated reported income of $6.8m and spending of $6.6m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.2m to $6.8m (+9.7%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Home at Osakis Minn Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Beyond Type1 ($6.8m), National Disaster Search Dog Foundation Inc ($6.8m) and Chemical Abuse Services Agency Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $91k (1.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.6m against liabilities of $2.6m, net assets of $5.0m. It reported 158 employees.