Franciscan Life Center Network Incorporated

Analysis

Franciscan Life Center Network Incorporated is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2023, Franciscan Life Center Network Incorporated reported income of $12.2m and spending of $12.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $12.2m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Life Center Network Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Lankenau Institute for Medical Research ($12.2m), The Healthcare Connection Inc ($12.2m) and Maple City Health Care Center Inc ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 83% of the total. Other salaries and wages came to $8.8m. At year end it held assets of $12.0m against liabilities of $693k, net assets of $11.3m. It reported 211 employees.