Simpson Housing Services Inc

Analysis

Simpson Housing Services Inc is a registered charity in United States, based in Minneapolis, 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 June 2023, Simpson Housing Services Inc reported income of $11.2m and spending of $11.2m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.2m to $11.2m (+9.3%), an average of +3.0% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simpson Housing Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include St Louis Office for Mr DD Resources ($11.1m), Postpartum Support International ($11.2m) and Hospice of Davidson County North Carolina Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $379k (3.4% of expenses). Other salaries and wages came to $4.3m. It paid $92k in professional fundraising fees. At year end it held assets of $15.3m against liabilities of $6.2m, net assets of $9.1m. It reported 141 employees.