Benedictine Living Community of Wahpeton

Analysis

Benedictine Living Community of Wahpeton is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Benedictine Living Community of Wahpeton reported income of $1.8m and spending of $1.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.8m (-8.3%), an average of -2.2% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Living Community of Wahpeton sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.8m), United Way of Bristol Tenn Va Inc ($1.8m) and Pathways Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $680k. At year end it held assets of $6.5m against liabilities of $5.1m, net assets of $1.4m.