Ebenezer Ridges Assisted Living

Analysis

Ebenezer Ridges Assisted Living is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ebenezer Ridges Assisted Living reported income of $4.3m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.3m (+15%), an average of +3.6% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebenezer Ridges Assisted Living sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.3m), Community Homeless Solutions ($4.3m) and Grand Forks Homes Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $4.7m against liabilities of $7.7m, net assets of -$3.0m.