Two Rivers Habitat for Humanity

Analysis

Two Rivers Habitat for Humanity is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 2023, Two Rivers Habitat for Humanity reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Two Rivers Habitat for Humanity sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include National Cattlemens Foundation Inc ($1.4m), John F Kennedy Memorial Foundation ($1.4m) and Neopolitan Lighthouse ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $112k (8.5% of expenses). Other salaries and wages came to $528k. At year end it held assets of $4.7m against liabilities of $1.9m, net assets of $2.8m. It reported 20 employees.