THE JOSEPH FUND INC
Mission Statement
The Joseph Fund is a 501(c) (3) non-profit organization dedicated to shepherding resources to inspire self-determination, raise aspirations, and lift spirits of all. Its mission is “passionate stewardship of resources supporting missions…transforming lives!” by supporting 6 missions in Camden, NJ, which serve the most at-risk and most forgotten members of society. The Joseph Fund recognizes that the strength of a community is in neighborhood development, by forging partnerships and collaboration among multiple organizations to meet the needs of residents of all ages in one of the poorest and most violent city in America.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.8% | 90.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.0% | 7.9% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2.0% | 7.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
23.1 mo | 95.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
102.5% | 90.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
12.4% | 18.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.3% | 6.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.5% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $393K | $376K | $723K | 92.8% | 0 |
| 2023 | $350K | $410K | $706K | 93.1% | 0 |
| 2022 | $341K | $355K | $765K | 91.3% | 0 |
| 2021 | $532K | $323K | N/A | — | 2 |
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