Gianna Homes-Sursum Corda

Analysis

Gianna Homes-Sursum Corda is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Gianna Homes-Sursum Corda reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.6m (+17%), an average of +4.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gianna Homes-Sursum Corda sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Open Door Assoc Inc ($1.6m), National Federation of Families for Childrens Mental Health Inc ($1.6m) and Victims Resource Center ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. At year end it held assets of $1.0m against liabilities of $664k, net assets of $342k.