St Francis Homes for Boys

Analysis

St Francis Homes for Boys is a registered charity in United States, based in Philadelphia, PA. 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, St Francis Homes for Boys reported income of $8.2m and spending of $8.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $8.2m (-26%), an average of -7.4% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. 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, St Francis Homes for Boys sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include National Plastering Industrys Joint Apprenticeship Trust Fund ($8.2m), Gold Country Health Center ($8.2m) and New Castle County Head Start Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 90% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $7.2m against liabilities of $2.5m, net assets of $4.7m. It reported 120 employees.