Francis Foundation Inc

Analysis

Francis Foundation Inc is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Francis Foundation Inc reported income of $66k and spending of $225k, spending 339% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.5m to $66k (-98%), an average of -63% a year. The sharpest change came in the year to June 2024, when income rose by 178%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Francis Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 17th percentile within VT. Charities of a similar size with the same main cause include Hope Is Restored ($66k), Rutherford Community Pantry Inc ($66k) and Angeltrition Institute ($66k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 56% of the total. Other salaries and wages came to $146k. At year end it held assets of $936k against liabilities of $16k, net assets of $920k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.