St Josephs Rehabilitation Center Inc
St Josephs Rehabilitation Center Inc shows consistent revenue growth and asset accumulation, with a notable deficit in 2022.
EIN: 141536222 · Saranac Lake, NY · Updated: 2026-03-28
Is St Josephs Rehabilitation Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Josephs Rehabilitation Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Josephs Rehabilitation Center Inc
St Josephs Rehabilitation Center Inc (EIN: 141536222) is a nonprofit organization based in Saranac Lake, NY. The organization reported total revenue of $18.0M and total assets of $23.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Josephs Rehabilitation Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Josephs Rehabilitation Center Inc is a large nonprofit that has been operating for 51 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.9M |
| Total Expenses | $20.2M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $23.1M |
| Total Liabilities | $23.1M |
| Net Assets | $13K |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 99.9% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, St Josephs Rehabilitation Center Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 99.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), St Josephs Rehabilitation Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | -11.8% | -8.0% |
| 2022 | -8.0% | +11.3% | -6.0% |
| 2021 | +1.8% | +1.6% | +9.6% |
| 2020 | +13.2% | +12.6% | -4.2% |
| 2019 | +11.2% | +11.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Josephs Rehabilitation Center Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, St Josephs Rehabilitation Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.9%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings suggests either that executive compensation is not a significant expense or is categorized differently, indicating a potentially high level of transparency regarding this specific reporting field.
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 Josephs Rehabilitation Center Inc's IRS 990 filings:
- Significant deficit in 2022 ($3,555,948 where expenses exceeded revenue)
Strengths
The following positive indicators were identified for St Josephs Rehabilitation Center Inc:
- Consistent revenue growth over the long term (from $9.7M in 2014 to $21.9M in 2023)
- Healthy asset base relative to liabilities ($23.1M assets vs $23.1M liabilities in 2023)
- Reported 0% officer compensation across all filings, indicating potential transparency or efficient executive pay structure
- Generally positive net income in most years, demonstrating financial sustainability
Frequently Asked Questions about St Josephs Rehabilitation Center Inc
Is St Josephs Rehabilitation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Josephs Rehabilitation Center Inc (EIN: 141536222) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does St Josephs Rehabilitation Center Inc spend its money?
St Josephs Rehabilitation Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Josephs Rehabilitation Center Inc tax-deductible?
St Josephs Rehabilitation Center Inc is registered as a tax-exempt nonprofit (EIN: 141536222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is St Josephs Rehabilitation Center Inc a good charity?
Based on the available data, St Josephs Rehabilitation Center Inc appears to be a financially stable organization with consistent revenue generation and asset growth. The reported 0% officer compensation is a positive indicator for transparency, though further detail on overall compensation would be beneficial. The deficit in 2022 is a point to investigate, but overall, it seems to manage its finances reasonably well.
What caused the significant deficit in 2022?
In 2022, the organization reported revenues of $19,377,181 against expenses of $22,933,129, resulting in a deficit of over $3.5 million. The specific causes are not detailed in the provided summary, but could include unexpected operational costs, a decrease in funding, or significant one-time investments.
How has the organization's financial health trended over the last five years?
Over the last five years (2019-2023), St Josephs Rehabilitation Center Inc has seen fluctuating but generally increasing revenues, from $18,272,000 in 2019 to $21,947,624 in 2023. Expenses have largely followed suit, with the exception of the 2022 deficit. Assets have remained robust, ranging from $23,146,009 to $26,763,085, indicating a stable financial base.
Filing History
IRS 990 filing history for St Josephs Rehabilitation Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), St Josephs Rehabilitation Center Inc's revenue has grown by 189.7%, moving from $7.6M to $21.9M. Total assets increased by 460.5% over the same period, from $4.1M to $23.1M. Total functional expenses rose by 170.9%, from $7.5M to $20.2M. In its most recent filing year (2023), St Josephs Rehabilitation Center Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $23.1M in liabilities against $23.1M in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.9M | $20.2M | $23.1M | $23.1M | — | — |
| 2022 | $19.4M | $22.9M | $25.2M | $26.2M | — | View 990 |
| 2021 | $21.1M | $20.6M | $26.8M | $24.2M | — | View 990 |
| 2020 | $20.7M | $20.3M | $24.4M | $22.3M | — | View 990 |
| 2019 | $18.3M | $18.0M | $25.5M | $23.8M | — | View 990 |
| 2018 | $16.4M | $16.2M | $25.3M | $23.8M | — | View 990 |
| 2017 | $14.4M | $14.3M | $21.2M | $20.0M | — | View 990 |
| 2016 | $11.6M | $12.3M | $19.9M | $19.1M | — | View 990 |
| 2015 | $10.7M | $10.6M | $17.7M | $16.1M | — | View 990 |
| 2014 | $9.8M | $9.5M | $15.1M | $13.7M | — | View 990 |
| 2013 | $8.0M | $7.9M | $13.1M | $12.0M | — | View 990 |
| 2012 | $7.7M | $7.6M | $6.1M | $5.1M | — | View 990 |
| 2011 | $7.5M | $7.7M | $5.4M | $4.4M | — | View 990 |
| 2010 | $7.6M | $7.5M | $4.1M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.9M, expenses of $20.2M, and assets of $23.1M (revenue +13.3% year-over-year).
- 2022: Revenue of $19.4M, expenses of $22.9M, and assets of $25.2M (revenue -8.0% year-over-year).
- 2021: Revenue of $21.1M, expenses of $20.6M, and assets of $26.8M (revenue +1.8% year-over-year).
- 2020: Revenue of $20.7M, expenses of $20.3M, and assets of $24.4M (revenue +13.2% year-over-year).
- 2019: Revenue of $18.3M, expenses of $18.0M, and assets of $25.5M (revenue +11.2% year-over-year).
- 2018: Revenue of $16.4M, expenses of $16.2M, and assets of $25.3M (revenue +13.7% year-over-year).
- 2017: Revenue of $14.4M, expenses of $14.3M, and assets of $21.2M (revenue +24.1% year-over-year).
- 2016: Revenue of $11.6M, expenses of $12.3M, and assets of $19.9M (revenue +8.8% year-over-year).
- 2015: Revenue of $10.7M, expenses of $10.6M, and assets of $17.7M (revenue +9.3% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.5M, and assets of $15.1M (revenue +22.3% year-over-year).
- 2013: Revenue of $8.0M, expenses of $7.9M, and assets of $13.1M (revenue +4.0% year-over-year).
- 2012: Revenue of $7.7M, expenses of $7.6M, and assets of $6.1M (revenue +2.6% year-over-year).
- 2011: Revenue of $7.5M, expenses of $7.7M, and assets of $5.4M (revenue -1.1% year-over-year).
- 2010: Revenue of $7.6M, expenses of $7.5M, and assets of $4.1M.
Data Sources and Methodology
This transparency report for St Josephs Rehabilitation Center Inc 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.