Anselm House

Analysis

Anselm House is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1984, 42 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anselm House reported income of $2.1m and spending of $3.4m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $2.1m (-55%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 857%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anselm House sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Hope House Corporation ($2.1m), McDowell Home Health Agency Inc ($2.1m) and Meals on Wheels of Sarasota Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $170k (5.0% of expenses). Other salaries and wages came to $698k. At year end it held assets of $2.5m against liabilities of $66k, net assets of $2.5m. It reported 32 employees.