Minnesota Odd Fellows Housing for the Elderly

Analysis

Minnesota Odd Fellows Housing for the Elderly is a registered charity in United States, based in Morris, MN. It received its IRS tax-exemption ruling in May 1962, 64 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Odd Fellows Housing for the Elderly reported income of $831k and spending of $750k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $793k to $831k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minnesota Odd Fellows Housing for the Elderly sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Guadalupe Economic Services Corporation ($831k), Kekaulike Courtyards Corporation ($831k) and Andres Duarte Terrace ($830k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.6m against liabilities of $3.3m, net assets of -$679k.