Portiuncula Foundation of the Sisters of St Francis of the Neuma

Analysis

Portiuncula Foundation of the Sisters of St Francis of the Neuma is a registered charity in United States, based in Pittsburgh, PA. 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 June 2024, Portiuncula Foundation of the Sisters of St Francis of the Neuma reported income of $82k and spending of $188k, spending 231% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $314k to $82k (-74%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 202%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portiuncula Foundation of the Sisters of St Francis of the Neuma sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Killingworth Nursery School Association ($82k), The Woodlands Chapter National Charity League Inc ($82k) and New Brighton Historical Society ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% of the total. At year end it held assets of $5.9m against liabilities of $3,403, net assets of $5.8m.