Presbyterian Homes Housing and Assisted Living Inc

Analysis

Presbyterian Homes Housing and Assisted Living Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Presbyterian Homes Housing and Assisted Living Inc reported income of $90.9m and spending of $90.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $83.6m to $90.9m (+8.8%), an average of +2.1% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes Housing and Assisted Living Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Aim Services Inc ($90.9m), Abraxas Alliance Inc ($91.0m) and Aspiranet ($90.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $3.8m (4.2% of expenses). Other salaries and wages came to $34.1m. At year end it held assets of $474.3m against liabilities of $401.1m, net assets of $73.2m. It reported 12,034 employees.