Elderly Housing Corporation of Claycounty Minnesota

Analysis

Elderly Housing Corporation of Claycounty Minnesota is a registered charity in United States, based in Dilworth, MN. It received its IRS tax-exemption ruling in October 1980, 46 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 December 2023, Elderly Housing Corporation of Claycounty Minnesota reported income of $582k and spending of $620k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $582k (+7.8%), an average of +1.9% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderly Housing Corporation of Claycounty Minnesota sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Black Hawk East College Foundation ($582k), Beardsley & Memorial Library ($582k) and Habitat for Humanity-Coosa Valley Inc ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $185k. At year end it held assets of $737k against liabilities of $1.4m, net assets of -$650k.