Linnea Residential Home Inc

Analysis

Linnea Residential Home Inc is a registered charity in United States, based in Chisago City, MN. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Linnea Residential Home Inc reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Linnea Residential Home Inc 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 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include A Childs Hope Foundation ($2.1m), Ohio County & Independent Agricultural Societies ($2.1m) and San Bernardino Community Service Center Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $292k, net assets of $1.8m. It reported 56 employees.