Josephine Caring Community

Analysis

Josephine Caring Community is a registered charity in United States, based in Stanwood, WA. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Josephine Caring Community reported income of $24.1m and spending of $24.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.4m to $24.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Josephine Caring Community sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include The Arc of Bristol County Inc ($24.1m), Comprehensive Behavioral Healthcare Inc ($24.1m) and Inter-Tribal Council of Arizona Inc ($24.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $356k (1.4% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $34.6m against liabilities of $8.6m, net assets of $26.1m. It reported 339 employees.