Zumbro Ridge Estates Inc

Analysis

Zumbro Ridge Estates Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in October 2018, 8 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 December 2023, Zumbro Ridge Estates Inc reported income of $561k and spending of $502k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $561k (+22%), an average of +5.1% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Zumbro Ridge Estates Inc 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 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include New Bryant Arms South ($561k), Haven Home LLC ($561k) and Family Promise of Shenandoah County Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Other salaries and wages came to $21k. At year end it held assets of $2.7m against liabilities of $2.3m, net assets of $398k. It reported 2 employees.