Cedar Riverside Peoples Center

Analysis

Cedar Riverside Peoples Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedar Riverside Peoples Center reported income of $8.4m and spending of $9.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $8.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cedar Riverside Peoples Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Monsignor Bojnowski Manor ($8.4m), Mohawk Valley Health System Foundation ($8.4m) and Healthways Inc ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $507k (5.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $7.8m against liabilities of $7.3m, net assets of $471k. It reported 101 employees.