Bethany-St Joseph Corp

Analysis

Bethany-St Joseph Corp is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in November 1976, 50 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, Bethany-St Joseph Corp reported income of $20.6m and spending of $21.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.1m to $20.6m (+2.4%), an average of +0.6% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany-St Joseph Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Community Medical and Dental Care ($20.6m), Cascade Community Healthcare ($20.6m) and Rawhide Inc ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $617k (2.9% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $28.7m against liabilities of $2.2m, net assets of $26.5m. It reported 731 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.