Presbyterian Homes Foundation

Analysis

Presbyterian Homes Foundation is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in October 1988, 38 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 September 2023, Presbyterian Homes Foundation reported income of $9.1m and spending of $7.4m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.8m to $9.1m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to September 2021, when income rose by 111%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes Foundation 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 94th percentile within MN. Charities of a similar size with the same main cause include Long Beach Community Action Partnership ($9.1m), Wispact Inc ($9.1m) and Playmates Pre-School and Child Care Centers ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $81.5m against liabilities of $16.4m, net assets of $65.1m.