St Josephs Elder Services Inc

Analysis

St Josephs Elder Services Inc is a registered charity in United States, based in West Point, NE. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, St Josephs Elder Services Inc reported income of $8.6m and spending of $9.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $8.6m (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Josephs Elder Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Gan Kavod Inc ($8.6m), Ann Arbor YMCA ($8.6m) and Catholic Charities of the Diocese of Sioux City ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $156k (1.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $9.6m against liabilities of $1.2m, net assets of $8.3m. It reported 164 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.