Franciscan Charities Inc

Analysis

Franciscan Charities Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Franciscan Charities Inc reported income of $713k and spending of $487k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $670k to $713k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franciscan Charities Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Families Helping Families of Southeast Louisiana Inc ($713k), Wesley House Association ($713k) and One Nky Alliance Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $166k. At year end it held assets of $1.9m against liabilities of $564k, net assets of $1.3m. It reported 9 employees.