Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc

Analysis

Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc is a registered charity in United States, based in Rushford, MN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc reported income of $92k and spending of $98k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $116k to $92k (-21%), an average of -5.6% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc sits at the 21st percentile: it is larger than about 20% 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 Flint Creek Apartments Inc ($92k), Spartanburg Associate Reformed Presbyterian Home Inc ($92k) and Appletree Housing Inc ($92k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $3,401. At year end it held assets of $890k against liabilities of $782k, net assets of $108k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.