Intergenerational Living & Health Care Inc

Analysis

Intergenerational Living & Health Care Inc is a registered charity in United States, based in Chaska, MN. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Intergenerational Living & Health Care Inc reported income of $25.3m and spending of $27.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.2m to $25.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Intergenerational Living & Health Care Inc sits at the 97th percentile: it is larger than about 97% 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 Young Mens Christian Association of the Virginia Peninsulas ($25.2m), Upstate Senior Living Inc ($25.3m) and Young Mens Christian Association of Central New York Inc ($25.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $52k (0.2% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $39.7m against liabilities of $49.6m, net assets of -$9.9m. It reported 528 employees.

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.