Team Joseph Inc

Analysis

Team Joseph Inc is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Team Joseph Inc reported income of $1.6m and spending of $1.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $1.6m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Team Joseph Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Childrens Assessment Center ($1.6m), Belmont Community Day Care Center Inc ($1.6m) and Cedar Lake Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $142k (12% of expenses). Other salaries and wages came to $252k. At year end it held assets of $1.8m against liabilities of $56k, net assets of $1.8m. It reported 4 employees.