Living at Home of the Park Rapids Area

Analysis

Living at Home of the Park Rapids Area is a registered charity in United States, based in Park Rapids, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Living at Home of the Park Rapids Area reported income of $1.2m and spending of $306k, leaving 74% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $277k to $1.2m (+318%), an average of +61% a year. The sharpest change came in the year to June 2024, when income rose by 337%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living at Home of the Park Rapids Area sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Omaha Bridges Out of Poverty Inc ($1.2m), Hispanic Brotherhood of Rockville Centre Inc ($1.2m) and National Spay Alliance Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $74k (24% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.2m against liabilities of $34k, net assets of $1.2m. It reported 6 employees.