Steeple Pointe Senior Living Community

Analysis

Steeple Pointe Senior Living Community is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Steeple Pointe Senior Living Community reported income of $3.2m and spending of $3.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steeple Pointe Senior Living Community sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Center for Family Services of Palm Beach County Inc ($3.2m), Rockville Day Care Association Incorporated ($3.2m) and Polish & Slavic Center Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $198k. It reported 55 employees.