Monastery of Jesus Mary and Joseph Foundation

Analysis

Monastery of Jesus Mary and Joseph Foundation is a registered charity in United States, based in Valparaiso, NE. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Monastery of Jesus Mary and Joseph Foundation reported income of $724k and spending of $517k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $7.9m to $724k (-91%), an average of -91% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 11% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Monastery of Jesus Mary and Joseph Foundation 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 75th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Arctic Barnabas Ministries Inc ($723k), Breaking Ground Missions Inc ($724k) and Talmud Torah Chochmas Shlomo ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.