St Joseph of Pines Inc

Analysis

St Joseph of Pines Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Joseph of Pines Inc reported income of $34.0m and spending of $34.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.4m to $34.0m (-20%), an average of -5.3% 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, St Joseph of Pines Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Hospital General de Castaner Inc ($34.0m), Association of Hutterian Brethren Churches Inc ($34.0m) and Saint Davids School ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Other salaries and wages came to $11.8m. At year end it held assets of $71.3m against liabilities of $71.0m, net assets of $227k.

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.