Josephines Place Inc

Analysis

Josephines Place Inc is a registered charity in United States, based in Elizabethport, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Josephines Place Inc reported income of $417k and spending of $387k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $519k to $417k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Josephines Place Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Greater East Canton Community ($417k), New Community Outreach ($417k) and Friends of Franklin Avenue School Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $119k. At year end it held assets of $563k against liabilities of $50k, net assets of $514k. It reported 2 employees.