Joseph Academy Foundation Inc

Analysis

Joseph Academy Foundation Inc is a registered charity in United States, based in Melrose Park, IL. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Joseph Academy Foundation Inc reported income of $79k and spending of $4,218, leaving 95% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $397k to $79k (-80%), an average of -42% a year. The sharpest change came in the year to August 2022, when income dropped by 88%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph Academy Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Ligonier Valley Football Boosters Club ($79k), Ponies Touchdown Club ($79k) and Mim Scholarship Foundation ($79k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $234k against liabilities of $3,000, net assets of $231k.