Strand-Kjorsvig Community Rest Home

Analysis

Strand-Kjorsvig Community Rest Home is a registered charity in United States, based in Roslyn, SD. It received its IRS tax-exemption ruling in May 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2024, Strand-Kjorsvig Community Rest Home reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.8m to $2.8m (+52%), an average of +8.8% a year. The sharpest change came in the year to August 2020, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Strand-Kjorsvig Community Rest Home sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within SD. Charities of a similar size with the same main cause include Willglo Services Inc ($2.8m), Cystic Fibrosis Research Fund ($2.8m) and Community Medical Center Foundation ($2.8m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $1.6m against liabilities of $267k, net assets of $1.3m. It reported 61 employees.