Presbyterian Homes of Bloomington Inc

Analysis

Presbyterian Homes of Bloomington Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in August 1997, 29 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 September 2023, Presbyterian Homes of Bloomington Inc reported income of $2.1m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Homes of Bloomington Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Superior Health Foundation ($2.1m), Health Care Access Now ($2.1m) and Sancta Familia Medical Associates Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 86% of the total. Other salaries and wages came to $194k. At year end it held assets of $7.0m against liabilities of $8.9m, net assets of -$1.9m.