Mount St Joseph

Analysis

Mount St Joseph is a registered charity in United States, based in Lake Zurich, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mount St Joseph reported income of $8.6m and spending of $10.6m, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $8.6m (+19%), an average of +4.4% a year. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount St Joseph sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Opportunity of North Central Wisconsin Inc ($8.6m), Miss Dig System Inc ($8.6m) and West Alabama Food Bank Inc ($8.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $14.9m against liabilities of $4.1m, net assets of $10.7m. It reported 147 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.