Iris Park Commons

Analysis

Iris Park Commons is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Iris Park Commons reported income of $4.4m and spending of $4.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Iris Park Commons sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Leonardville Nursing Home Inc ($4.4m), Leadingage California Foundation ($4.4m) and Lamoille Housing Partnership Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 95% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $3.9m against liabilities of $6.1m, net assets of -$2.2m.