Life St Joseph of the Pines Inc

Analysis

Life St Joseph of the Pines Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Life St Joseph of the Pines Inc reported income of $24.7m and spending of $21.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.5m to $24.7m (+1.1%), an average of +0.3% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life St Joseph of the Pines Inc 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 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Rochester Christian University ($24.7m), Hudson Institute Inc ($24.8m) and Visiting Nurse Association of Central Jersey Inc ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $20.2m against liabilities of $6.9m, net assets of $13.3m.