White Bear Lake Senior Housing Inc

Analysis

White Bear Lake Senior Housing Inc is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, White Bear Lake Senior Housing Inc reported income of $342k and spending of $429k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $342k (+21%), an average of +4.8% a year. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, White Bear Lake Senior Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include United Way Manitowoc County Inc ($342k), Bauer Charitable Trust ($342k) and Cherry Point Reach Out ($341k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.2m against liabilities of $3.2m, net assets of -$2.0m.

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.