Steele County Transitional Housing Inc

Analysis

Steele County Transitional Housing Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in July 2000, 26 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 December 2023, Steele County Transitional Housing Inc reported income of $464k and spending of $487k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $464k (+3.3%), an average of +0.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Steele County Transitional Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Partners in Action Inc ($464k), Kent Attainable Housing Inc ($464k) and Pacific Housing Oahu Corporation ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $86k (18% of expenses). Other salaries and wages came to $116k. At year end it held assets of $280k against liabilities of $28k, net assets of $252k. It reported 4 employees.