Sawtooth Housing Corporation of Grand Marais

Analysis

Sawtooth Housing Corporation of Grand Marais is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in August 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sawtooth Housing Corporation of Grand Marais reported income of $209k and spending of $232k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $209k (+12%), an average of +2.8% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sawtooth Housing Corporation of Grand Marais sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include 12 Step Life ($209k), Spectrum River Vale Apartments Inc ($209k) and Gentry House Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $598k against liabilities of $24k, net assets of $573k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.