Hayfield Area Elderly Housing Inc

Analysis

Hayfield Area Elderly Housing Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 1979, 47 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 June 2023, Hayfield Area Elderly Housing Inc reported income of $192k and spending of $172k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $193k to $192k (-1.0%), an average of -0.3% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hayfield Area Elderly Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Wyandot Health Foundation Inc ($191k), Bergen Catholic High School Alumni Association Inc ($192k) and Project Learn Inc ($191k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $262k against liabilities of $596k, net assets of -$334k.