Benedictine Living Communities Inc

Analysis

Benedictine Living Communities Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Benedictine Living Communities Inc reported income of $36.8m and spending of $34.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.3m to $36.8m (+7.3%), an average of +1.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Living Communities Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Signal Centers Inc ($36.8m), Wellpoint Care Network Inc ($36.8m) and Bernalillo Coutny Health Care Corp ($36.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2,693 (0.0% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $25.1m against liabilities of $17.1m, net assets of $8.0m. It reported 645 employees.