Minnesota Engagemnt on Shelter and Housing

Analysis

Minnesota Engagemnt on Shelter and Housing is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2001, 25 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, Minnesota Engagemnt on Shelter and Housing reported income of $678k and spending of $614k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $678k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minnesota Engagemnt on Shelter and Housing sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Marineland Community Association Inc ($678k), Winter Sanctuary Inc ($678k) and Parthenia Street Senior Citizen Housing Corporation ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (2.5% of expenses). Other salaries and wages came to $265k. At year end it held assets of $595k against liabilities of $29k, net assets of $566k. It reported 5 employees.