Leo a Hoffmann Center Inc

Analysis

Leo a Hoffmann Center Inc is a registered charity in United States, based in Saint Peter, MN. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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, Leo a Hoffmann Center Inc reported income of $6.8m and spending of $6.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $6.8m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leo a Hoffmann Center 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 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($6.8m), Sam & Esther Minskoff Cultural Center Park East Day School Inc ($6.8m) and South Central Community Action Partnership Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $293k (4.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $7.2m against liabilities of $3.2m, net assets of $4.0m. It reported 159 employees.