Presbyterian Homes of Andover Inc

Analysis

Presbyterian Homes of Andover Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Andover Inc reported income of $6.3m and spending of $5.6m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $6.3m (+15%), an average of +3.6% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes of Andover Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Breedlove Foods Inc ($6.3m), Arizona Friends of Foster Children Foundation ($6.3m) and Living Well Group Inc ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $16.1m against liabilities of $7.4m, net assets of $8.7m.