Ihm Senior Living Community Inc

Analysis

Ihm Senior Living Community Inc is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ihm Senior Living Community Inc reported income of $17.2m and spending of $17.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $17.2m (+5.7%), an average of +1.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ihm Senior Living Community Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Tlc- the Treatment & Learning Centers Inc ($17.2m), Metropolitan Family Services Dupage ($17.2m) and Family Care Network Inc ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $227k (1.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $46.6m against liabilities of $46.3m, net assets of $294k. It reported 156 employees.