Josephs Coat Inc

Analysis

Josephs Coat Inc is a registered charity in United States, based in Blair, NE. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Coat Inc reported income of $431k and spending of $264k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $431k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josephs Coat Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NE. Charities of a similar size with the same main cause include Wichita Womens Initiative Network Inc ($431k), Daisy Fund ($431k) and Kern Around the Clock Foundation ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $167k. At year end it held assets of $764k against liabilities of $3,596, net assets of $761k. It reported 16 employees.