Joseph Academy Inc

Analysis

Joseph Academy Inc is a registered charity in United States, based in Melrose Park, IL. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Joseph Academy Inc reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.8m to $1.9m (-49%), an average of -16% a year. The sharpest change came in the year to August 2022, when income dropped by 46%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Doral Leadership Institute Inc ($1.9m), Bloomington Montessori Association Inc ($1.9m) and Montessori School of Anderson ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 104% of the total. Compensation of current officers, directors and key employees was $155k (9.4% of expenses). Other salaries and wages came to $856k. At year end it held assets of $662k against liabilities of $569k, net assets of $92k. It reported 28 employees.