St Joseph Home for Children

Analysis

St Joseph Home for Children is a registered charity in United States, based in Jackson, MI. 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 2023, St Joseph Home for Children reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Joseph Home for Children sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Boys & Girls Club of South Central Kansas Inc ($2.2m), Voluntary Protection Programs Participants Association Inc ($2.2m) and World Professional Association for Transgender Health Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $84k (4.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $139k, net assets of $1.3m. It reported 74 employees.