Congregation of the Sisters of St Joseph Ministries Inc

Analysis

Congregation of the Sisters of St Joseph Ministries Inc is a registered charity in United States, based in Nazareth, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Congregation of the Sisters of St Joseph Ministries Inc reported income of $2.4m and spending of $2.7m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.4m to $2.4m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to June 2024, when income rose by 108%. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Congregation of the Sisters of St Joseph Ministries Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Canaan Baptist Housing Development Fund Corp ($2.4m), L M N Publishing International Inc ($2.4m) and West End House Camp Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $188k (6.9% of expenses). At year end it held assets of $34.1m against liabilities of $1.1m, net assets of $32.9m. It reported 20 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.