American Baptist Homes of the Midwest Foundation

Analysis

American Baptist Homes of the Midwest Foundation is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, American Baptist Homes of the Midwest Foundation reported income of $410k and spending of $102k, leaving 75% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $762k to $410k (-46%), an average of -14% a year. The sharpest change came in the year to August 2021, when income rose by 333%. Over the whole period it spent 11% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Baptist Homes of the Midwest Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Michaels Cares ($410k), Partners in Community Development ($410k) and Chico Community Childrens Center ($410k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $8.2m against liabilities of $3.2m, net assets of $5.1m.