Brookside Senior Living

Analysis

Brookside Senior Living is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in February 1966, 60 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 December 2023, Brookside Senior Living reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $2.1m to $2.4m (+11%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 344%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookside Senior Living sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Texas Ramp Project ($2.4m), Superior Health Support Systems ($2.4m) and Sheltering Tree Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $989k. At year end it held assets of $9.9m against liabilities of $7.2m, net assets of $2.7m. It reported 77 employees.