Josephs House and Shelter Inc

Analysis

Josephs House and Shelter Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in June 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Josephs House and Shelter Inc reported income of $4.4m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Josephs House and Shelter Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include New Mexico Coalition to End Homelessness ($4.4m), Cross Roads House Inc ($4.4m) and Devon Oaks Assisted Living Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $95k (2.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.5m against liabilities of $1.1m, net assets of $5.4m. It reported 126 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.