Foundation of Saint Joseph Regional Medical Center Inc

Analysis

Foundation of Saint Joseph Regional Medical Center Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of Saint Joseph Regional Medical Center Inc reported income of $2.4m and spending of $1.5m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.4m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation of Saint Joseph Regional Medical Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Mariposa Women and Family Center ($2.4m), Atm Education ($2.4m) and Substance Abuse Services Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $39k. At year end it held assets of $25.6m against liabilities of $8.9m, net assets of $16.6m.