St Joseph Healthcare Foundation
St. Joseph Healthcare Foundation: Strong Asset Growth, Low Program Spending
EIN: 222480149 · Bangor, ME · NTEE: W12 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $42K |
| Program Spending | 35% |
| Net Assets | $19.0M |
| Transparency Score | 65/100 |
Is St Joseph Healthcare Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Joseph Healthcare Foundation directs 35% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About St Joseph Healthcare Foundation
St Joseph Healthcare Foundation (EIN: 222480149) is a nonprofit organization based in Bangor, ME, classified under NTEE code W12. The organization reported total revenue of $3.7M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Joseph Healthcare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Joseph Healthcare Foundation is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.9M |
| Total Expenses | $42K |
| Surplus / Deficit | +$13.9M |
| Total Assets | $19.1M |
| Total Liabilities | $90K |
| Net Assets | $19.0M |
| Operating Margin | 99.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 5509.6 months |
Financial Health Grade: A
In 2023, St Joseph Healthcare Foundation reported a surplus of $13.9M with revenue exceeding expenses, holds 5509.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Joseph Healthcare Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1693.3% | +109.8% | +276.1% |
| 2022 | -45.9% | -26.0% | -4.7% |
| 2021 | +173.0% | +223.0% | -26.2% |
| 2020 | -49.8% | +627.1% | +11.0% |
| 2019 | +42.3% | -96.4% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Joseph Healthcare Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 35%
- fundraising: 35%
According to IRS 990 filings, St Joseph Healthcare Foundation allocates its expenses as follows: admin: 30%, programs: 35%, fundraising: 35%. Only 35% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but overall expenses are low relative to assets, suggesting reasonable compensation practices.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Joseph Healthcare Foundation's IRS 990 filings:
- Program expenses are consistently low, with only $41,613 out of $13,921,850 in revenue allocated to programs in 2023.
- Significant fluctuations in revenue and expenses year-over-year, with a large revenue spike in 2023 not fully reflected in program spending.
- A substantial portion of expenses appears to be allocated to administrative and fundraising activities rather than direct program delivery.
Strengths
The following positive indicators were identified for St Joseph Healthcare Foundation:
- Consistent growth in assets, reaching $19,105,892 in 2023.
- Maintains a healthy asset-to-liability ratio, indicating financial stability.
- Zero lobbying expenses reported across all available years, suggesting a focus on direct mission rather than political influence.
Frequently Asked Questions about St Joseph Healthcare Foundation
Is St Joseph Healthcare Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Joseph Healthcare Foundation (EIN: 222480149) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does St Joseph Healthcare Foundation spend its money?
St Joseph Healthcare Foundation directs 35% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Joseph Healthcare Foundation tax-deductible?
St Joseph Healthcare Foundation is registered as a tax-exempt nonprofit (EIN: 222480149). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Joseph Healthcare Foundation's spending goes to programs?
St Joseph Healthcare Foundation directs 35% to programs, 35% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does St Joseph Healthcare Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), St Joseph Healthcare Foundation is above average for NTEE category W12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Joseph Healthcare Foundation located?
St Joseph Healthcare Foundation is headquartered in Bangor, Maine and files with the IRS under EIN 222480149. It is classified under NTEE code W12.
How many years of IRS 990 filings does St Joseph Healthcare Foundation have?
St Joseph Healthcare Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.7M in total revenue.
What does St Joseph Healthcare Foundation do?
St Joseph Healthcare Foundation is a nonprofit organization in the Public & Society Benefit sector, located in Bangor, Maine. It is classified under NTEE code W12.
How much revenue does St Joseph Healthcare Foundation have?
St Joseph Healthcare Foundation reported total revenue of $3,729,282. Based on 13 IRS 990 filings on record.
What are St Joseph Healthcare Foundation's total assets?
St Joseph Healthcare Foundation holds total assets of $13,447,720 as reported in IRS 990 filings.
Where is St Joseph Healthcare Foundation located?
St Joseph Healthcare Foundation is based in Bangor, Maine.
What is St Joseph Healthcare Foundation's EIN?
St Joseph Healthcare Foundation's Employer Identification Number (EIN) is 222480149. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Joseph Healthcare Foundation?
St Joseph Healthcare Foundation is classified under NTEE code W12 (Public & Society Benefit).
Is St Joseph Healthcare Foundation a registered 501(c)(3)?
Yes, St Joseph Healthcare Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222480149.
Does St Joseph Healthcare Foundation file IRS Form 990?
Yes, St Joseph Healthcare Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was St Joseph Healthcare Foundation's revenue in 2023?
In the 202312 filing period, St Joseph Healthcare Foundation reported total revenue of $13,921,850, total expenses of $41,613, and net assets of $19,105,892.
Is St Joseph Healthcare Foundation's revenue growing or declining?
St Joseph Healthcare Foundation's revenue is growing. Revenue went from $776,305 (202212) to $13,921,850 (202312), a +1693.3% change. Based on 13 filings on record.
What is St Joseph Healthcare Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for St Joseph Healthcare Foundation covers tax period 202312. It shows revenue of $13,921,850, expenses of $41,613, total assets of $19,105,892, and liabilities of $89,985.
How much does St Joseph Healthcare Foundation spend on programs vs administration?
Based on IRS 990 analysis, St Joseph Healthcare Foundation allocates approximately 35% of expenses to program services, 30% to administrative costs, and 35% to fundraising. Overhead costs appear high relative to program spending.
Is St Joseph Healthcare Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, St Joseph Healthcare Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for St Joseph Healthcare Foundation?
The following concerns were identified: Program expenses are consistently low, with only $41,613 out of $13,921,850 in revenue allocated to programs in 2023.. Significant fluctuations in revenue and expenses year-over-year, with a large revenue spike in 2023 not fully reflected in program spending.. A substantial portion of expenses appears to be allocated to administrative and fundraising activities rather than direct program delivery.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are St Joseph Healthcare Foundation's strengths?
Positive indicators for St Joseph Healthcare Foundation include: Consistent growth in assets, reaching $19,105,892 in 2023.. Maintains a healthy asset-to-liability ratio, indicating financial stability.. Zero lobbying expenses reported across all available years, suggesting a focus on direct mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does St Joseph Healthcare Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, but overall expenses are low relative to assets, suggesting reasonable compensation practices. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial revenue in 2023 ($13,921,850) and significant asset base ($19,105,892), why is the program spending ($41,613) such a small fraction of the total, and what specific programs are being funded?
The provided data indicates a very low percentage of revenue and assets are directly allocated to programs. Further investigation into their Form 990, Part III (Statement of Program Service Accomplishments) would be necessary to understand the specific programs and the rationale behind this spending distribution.
Filing History
IRS 990 filing history for St Joseph Healthcare Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Joseph Healthcare Foundation's revenue has grown by 2366.5%, moving from $564K to $13.9M. Total assets increased by 146.7% over the same period, from $7.7M to $19.1M. Total functional expenses fell by 86.7%, from $312K to $42K. In its most recent filing year (2023), St Joseph Healthcare Foundation reported a surplus of $13.9M, with revenue exceeding expenses. The organization holds $90K in liabilities against $19.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.9M | $42K | $19.1M | $90K | — | — |
| 2022 | $776K | $20K | $5.1M | $106K | — | View 990 |
| 2021 | $1.4M | $27K | $5.3M | $181K | — | View 990 |
| 2020 | $526K | $8K | $7.2M | $683K | — | View 990 |
| 2019 | $1.0M | $1K | $6.5M | $367K | — | View 990 |
| 2018 | $736K | $32K | $5.6M | $699K | — | View 990 |
| 2017 | $2.5M | $507K | $4.7M | $728K | — | View 990 |
| 2016 | $717K | $648K | $7.7M | $3.1M | — | View 990 |
| 2015 | $797K | $493K | $8.6M | $3.8M | — | View 990 |
| 2014 | $1.5M | $412K | $8.6M | $3.3M | — | View 990 |
| 2013 | $504K | $397K | $7.7M | $3.5M | — | View 990 |
| 2012 | $514K | $340K | $6.6M | $3.1M | — | View 990 |
| 2011 | $564K | $312K | $7.7M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.9M, expenses of $42K, and assets of $19.1M (revenue +1693.3% year-over-year).
- 2022: Revenue of $776K, expenses of $20K, and assets of $5.1M (revenue -45.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $27K, and assets of $5.3M (revenue +173.0% year-over-year).
- 2020: Revenue of $526K, expenses of $8K, and assets of $7.2M (revenue -49.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1K, and assets of $6.5M (revenue +42.3% year-over-year).
- 2018: Revenue of $736K, expenses of $32K, and assets of $5.6M (revenue -70.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $507K, and assets of $4.7M (revenue +244.6% year-over-year).
- 2016: Revenue of $717K, expenses of $648K, and assets of $7.7M (revenue -10.0% year-over-year).
- 2015: Revenue of $797K, expenses of $493K, and assets of $8.6M (revenue -48.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $412K, and assets of $8.6M (revenue +203.7% year-over-year).
- 2013: Revenue of $504K, expenses of $397K, and assets of $7.7M (revenue -2.0% year-over-year).
- 2012: Revenue of $514K, expenses of $340K, and assets of $6.6M (revenue -8.9% year-over-year).
- 2011: Revenue of $564K, expenses of $312K, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Joseph Healthcare Foundation:
Data Sources and Methodology
This transparency report for St Joseph Healthcare Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.