Saint Josephs Home of Our Lady of Mt Carmel Inc

Analysis

Saint Josephs Home of Our Lady of Mt Carmel Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Saint Josephs Home of Our Lady of Mt Carmel Inc reported income of $3.6m and spending of $3.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $3.6m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Josephs Home of Our Lady of Mt Carmel Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Lake County Council on Aging ($3.6m), Cradle to Cradle Products Innovation Institute Inc ($3.6m) and Center Associates ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $138k (3.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.7m against liabilities of $282k, net assets of $5.4m. It reported 109 employees.