Central Minnesota Housing Partnership Inc

Analysis

Central Minnesota Housing Partnership Inc is a registered charity in United States, based in St Augusta, MN. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Central Minnesota Housing Partnership Inc reported income of $4.5m and spending of $5.7m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Minnesota Housing Partnership Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include The Balm in Gilead Inc ($4.5m), Young Mens Christian Association of El Paso ($4.5m) and Harvard Law Review Association ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $240k (4.2% of expenses). Other salaries and wages came to $990k. At year end it held assets of $28.5m against liabilities of $26.5m, net assets of $2.1m. It reported 39 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.