Franciscan Sisters of the Poor Foundation Inc

Analysis

Franciscan Sisters of the Poor Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franciscan Sisters of the Poor Foundation Inc reported income of $601k and spending of $1.1m, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $601k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 162% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Sisters of the Poor Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Colorado Northwestern Community College Foundation ($601k), Child Evangelism Fellowship Inc ($601k) and Horses Help Foundation ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $71k. At year end it held assets of $14.1m against liabilities of $1.6m, net assets of $12.5m. It reported 1 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.