St Josephs Memorial Foundation Inc

Analysis

St Josephs Memorial Foundation Inc is a registered charity in United States, based in Hillsboro, WI. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 September 2023, St Josephs Memorial Foundation Inc reported income of $50k and spending of $62k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $346k to $50k (-86%), an average of -38% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 255% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Josephs Memorial Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within WI. Charities of a similar size with the same main cause include Warren County College Foundation Inc ($50k), Katie Strong Foundation ($50k) and Iglesia Bautista Hispana Senda de Vida ($50k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $800k against liabilities of $0, net assets of $800k.

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.