Sisters of St Joseph

Analysis

Sisters of St Joseph is a registered charity in United States, based in St Augustine, 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, Sisters of St Joseph reported income of $5.0m and spending of $4.1m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $5.0m (+155%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sisters of St Joseph sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Sarah Ward Nursery Corporation ($5.0m), Mary Lee Depugh Nursing Home Association Inc ($5.0m) and Inter Parish Ministry ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $137k (3.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $26.0m against liabilities of $1.4m, net assets of $24.6m. It reported 54 employees.