St Joseph Infant & Maternity Home

Analysis

St Joseph Infant & Maternity Home is a registered charity in United States, based in Sharonville, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Joseph Infant & Maternity Home reported income of $14.2m and spending of $17.4m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.7m to $14.2m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Joseph Infant & Maternity Home sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Tableland Services Inc ($14.2m), Kansas Elks Training Center for the Handicapped Inc ($14.2m) and American Consumer Credit Counseling Inc ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $362k (2.1% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $50.7m against liabilities of $2.2m, net assets of $48.5m. It reported 357 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.