Southern Minnesota Independent Living Enterprises & Services

Analysis

Southern Minnesota Independent Living Enterprises & Services is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2024, Southern Minnesota Independent Living Enterprises & Services reported income of $3.4m and spending of $3.1m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.5m to $3.4m (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southern Minnesota Independent Living Enterprises & Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Georgia Campaign for Adolescent Power and Potential Inc ($3.4m), White Bear Area Food Shelf ($3.4m) and Family Service Center of Galveston County Texas ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $88k (2.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.2m against liabilities of $772k, net assets of $1.4m. It reported 142 employees.