Greater Minnesota Housing Fund

Analysis

Greater Minnesota Housing Fund is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Minnesota Housing Fund reported income of $21.1m and spending of $10.7m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $21.1m (+257%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 187%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Minnesota Housing Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Homewood Living Williamsport Inc ($21.1m), The Glebe Inc ($21.1m) and Energy Coordinating Agency of Philadelphia Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $616k (5.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $236.5m against liabilities of $108.2m, net assets of $128.3m. It reported 34 employees.