Castle Ridge Care Center

Analysis

Castle Ridge Care Center is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 September 2023, Castle Ridge Care Center reported income of $19.9m and spending of $21.0m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.7m to $19.9m (+246%), an average of +36% a year. The sharpest change came in the year to September 2022, when income rose by 174%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Castle Ridge Care Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Community Partners in Action Inc ($19.9m), Federal Defender Program Inc ($19.9m) and A New Leaf Inc ($19.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Other salaries and wages came to $7.7m. At year end it held assets of $108.1m against liabilities of $109.4m, net assets of -$1.3m.