Moravian Care Housing Corporation

Analysis

Moravian Care Housing Corporation is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Moravian Care Housing Corporation reported income of $9.4m and spending of $9.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $9.4m (+16%), an average of +3.8% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Moravian Care Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Wahiawa Center for Community Health ($9.4m), Community Ambulance Service ($9.4m) and Medical Center Foundation Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 91% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $13.3m against liabilities of $15.3m, net assets of -$2.0m.