Living Community of St Joseph

Analysis

Living Community of St Joseph is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Living Community of St Joseph reported income of $13.5m and spending of $14.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $13.5m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. 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, Living Community of St Joseph sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Missouri Childrens Trust Fund Board ($13.5m), Young Mens Christian Association of Rye N Y ($13.5m) and The B E L L Foundation Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $21.8m against liabilities of $40.4m, net assets of -$18.6m. It reported 287 employees.

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.