St Joseph Towers Inc

Analysis

St Joseph Towers Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Joseph Towers Inc reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.6m (+10%), an average of +3.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Joseph Towers Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Presbyterian Counseling Service ($1.6m), Habitat for Humanity International Inc ($1.6m) and New York State Coalition Against Domestic Violence Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $201k. At year end it held assets of $2.2m against liabilities of $2.6m, net assets of -$398k. It reported 5 employees.