Brainerd South Housing Group Inc

Analysis

Brainerd South Housing Group Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in April 1996, 30 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, Brainerd South Housing Group Inc reported income of $373k and spending of $357k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $373k (+16%), an average of +3.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brainerd South Housing Group Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Frederick United Methodist Housing Development Corporation ($372k), Friends of the Light House Shelter Inc ($373k) and Bretheren Services II Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $1.8m against liabilities of $244k, net assets of $1.5m.