Park Ridge Housing

Analysis

Park Ridge Housing is a registered charity in United States, based in Morris, MN. It received its IRS tax-exemption ruling in May 1962, 64 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Park Ridge Housing reported income of $170k and spending of $204k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $170k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Ridge Housing sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include O N E Foundation ($170k), Northfield Soccer Association ($170k) and Soh-Us ($170k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $29k. At year end it held assets of $962k against liabilities of $143k, net assets of $818k.