Trustees of St Josephs College

Analysis

Trustees of St Josephs College is a registered charity in United States, based in Standish, ME. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trustees of St Josephs College reported income of $48.1m and spending of $51.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.8m to $48.1m (-20%), an average of -5.3% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of St Josephs College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Marshall University Foundation Incorporated ($48.1m), University of New Hampshire Foundation Incorporated ($48.2m) and College of Our Lady of the Elms ($47.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (2.3% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $64.3m against liabilities of $17.6m, net assets of $46.7m. It reported 912 employees.