Southeastern Minnesota Center for Independent Living Inc

Analysis

Southeastern Minnesota Center for Independent Living Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 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, Southeastern Minnesota Center for Independent Living Inc reported income of $10.1m and spending of $11.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $10.1m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeastern Minnesota Center for Independent Living Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Community Housing Inc ($10.1m), Tillamook Family Counseling Center ($10.1m) and Join ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $165k (1.5% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $18.6m against liabilities of $6.7m, net assets of $11.9m. It reported 438 employees.