The Presbyterian Association of Homes and Services for the Aging

Analysis

The Presbyterian Association of Homes and Services for the Aging is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, The Presbyterian Association of Homes and Services for the Aging reported income of $167k and spending of $165k, spending 99% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $119k to $167k (+41%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Presbyterian Association of Homes and Services for the Aging sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Extend International ($167k), Velvet Ashes Incorporated ($167k) and Message of Peace Ministry Outreach ($167k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 53% of the total. At year end it held assets of $379k against liabilities of $17k, net assets of $363k.