Udist Josephs Inc

Analysis

Udist Josephs Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Udist Josephs Inc reported income of $241k and spending of $322k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $237k to $241k (+1.8%), an average of +0.4% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Udist Josephs Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Midwest Association of Housing Cooperatives ($241k), Chugiak Senior Housing Inc ($241k) and Edgecomb Woods ($241k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. At year end it held assets of $1.4m against liabilities of $165k, net assets of $1.2m.

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.