Acres for Life - Therapy & Wellness Center

Analysis

Acres for Life - Therapy & Wellness Center is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Acres for Life - Therapy & Wellness Center reported income of $514k and spending of $555k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $514k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Acres for Life - Therapy & Wellness Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Scotts House ($514k), New Hampshire Coalition of Recovery Residences ($515k) and Cornerstones Health ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $92k (17% of expenses). Other salaries and wages came to $84k. At year end it held assets of $55k against liabilities of $46k, net assets of $9,407. It reported 5 employees.