Joshua One Eight Foundation

Analysis

Joshua One Eight Foundation is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in April 1987, 39 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 December 2023, Joshua One Eight Foundation reported income of $97k and spending of $67k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $487k to $97k (-80%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joshua One Eight Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KY. Charities of a similar size with the same main cause include Rockwall County Historical Foundation ($97k), Sherman County Senior Center Inc ($97k) and Tri County Educational Foundation Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $33k (49% of expenses). At year end it held assets of $485k against liabilities of $1,945, net assets of $483k. It reported 1 employees.