Owatonna Senior Housing Inc

Analysis

Owatonna Senior Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Owatonna Senior Housing Inc reported income of $206k and spending of $336k, spending 163% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $190k to $206k (+8.4%), an average of +2.0% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Owatonna Senior Housing Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include South St Lawrence Planning Corp ($206k), CPNJ Plainfield Residence II Inc ($207k) and Family Promise of Lewis Clark Valley Inc ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.8m against liabilities of $331k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.