Episcopal Homes Foundation of Minnesota

Analysis

Episcopal Homes Foundation of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Episcopal Homes Foundation of Minnesota reported income of $2.0m and spending of $1.2m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.0m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Episcopal Homes Foundation of Minnesota 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 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Tedford Housing ($2.0m), Ecumenical Housing Development Group ($2.0m) and Homesfund ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 10% of the total. Other salaries and wages came to $92k. At year end it held assets of $22.0m against liabilities of $5.0m, net assets of $17.0m.