Central Minnesota Elder Network

Analysis

Central Minnesota Elder Network is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in March 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 December 2023, Central Minnesota Elder Network reported income of $92k and spending of $116k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $92k (+7.4%), an average of +7.4% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Minnesota Elder Network sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Unmistaken Stars Farm Sanctuary Inc ($92k), Life Inc 39 Seneca St ($92k) and Islamic Multi-Service Organization Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. At year end it held assets of $54k against liabilities of $1,536, net assets of $53k.