St Joseph Financial Services

Analysis

St Joseph Financial Services is a registered charity in United States, based in South Bend, IN. 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 September 2023, St Joseph Financial Services reported income of $2.9m and spending of $3.6m, spending 127% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $257k to $2.9m (+1012%), an average of +62% a year. The sharpest change came in the year to June 2020, when income rose by 244%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Joseph Financial Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Interlink Ministries Inc ($2.9m), Brothers of Mercy Management Company Inc ($2.9m) and Colony Retirement Homes III Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $309k (8.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $546k against liabilities of $1.1m, net assets of -$582k. It reported 15 employees.