Great Falls Elderly Housing Inc

Analysis

Great Falls Elderly Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Great Falls Elderly Housing Inc reported income of $323k and spending of $392k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $309k to $323k (+4.7%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Great Falls Elderly Housing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Baytown Supportive Housing Inc ($323k), Bnai Brith Wiregrass Senior Housing II Inc ($323k) and Robins Home Inc ($323k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $56k. At year end it held assets of $2.3m against liabilities of $31k, net assets of $2.2m.