Sleepy Eye Area Home Health Inc

Analysis

Sleepy Eye Area Home Health Inc is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Sleepy Eye Area Home Health Inc reported income of $480k and spending of $741k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $562k to $480k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 140% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sleepy Eye Area Home Health Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Community Health Clinic of Butlercounty Inc ($480k), Brodhead Area Emergency Medical Services Inc ($481k) and Council on Aging of Florida Inc ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $470k. At year end it held assets of $35k against liabilities of $1.4m, net assets of -$1.3m. It reported 15 employees.

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.