PHS Apple Valley Senior Housing Inc

Analysis

PHS Apple Valley Senior Housing Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2016, 10 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 September 2023, PHS Apple Valley Senior Housing Inc reported income of $12.7m and spending of $11.1m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.4m to $12.7m (+71%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PHS Apple Valley Senior Housing Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Caring Incorporated ($12.6m), Paramount Community Living and Rehab Inc ($12.7m) and Our Lady of Peace Inc ($12.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $71.9m against liabilities of $72.5m, net assets of -$667k.