Friends of Anselm House

Analysis

Friends of Anselm House is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Anselm House reported income of $3.0m and spending of $1.2m, leaving 61% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $13.1m to $3.0m (-77%), an average of -77% a year. The sharpest change came in the year to June 2023, when income dropped by 77%. Over the whole period it spent 11% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Anselm House 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Now Outreach ($3.0m), Church Planting Network ($3.0m) and Jewish Learningworks ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 0.3% of the total. At year end it held assets of $20.3m against liabilities of $5.9m, net assets of $14.4m.