Saint Josephs College

Analysis

Saint Josephs College is a registered charity in United States, based in Rensselaer, IN. It received its IRS tax-exemption ruling in April 1938, 88 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, Saint Josephs College reported income of $3.5m and spending of $2.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.9m to $3.5m (-79%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 83%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Josephs College sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Liberty Christian Academy Inc ($3.5m), Pathways in Education - Nampa Inc ($3.5m) and Teach Las Vegas ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 5.1% of the total. Other salaries and wages came to $476k. At year end it held assets of $120.2m against liabilities of $3.7m, net assets of $116.5m. It reported 13 employees.