St Joseph Residence Inc

Analysis

St Joseph Residence Inc is a registered charity in United States, based in Lauderdale Lakes, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Joseph Residence Inc reported income of $2.7m and spending of $3.7m, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $2.7m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Joseph Residence Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Eagles Wings Inc ($2.7m), Abbey Road Inc ($2.7m) and Pregnancy Decision Health Centers ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $897k. At year end it held assets of $3.3m against liabilities of $12.8m, net assets of -$9.5m. It reported 32 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.