Franciscan Pace Inc

Analysis

Franciscan Pace Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Franciscan Pace Inc reported income of $26.3m and spending of $25.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $26.3m (+13%), an average of +3.0% a year. 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 Pace Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Xilin Association ($26.3m), Neighborhood Service Organization ($26.3m) and Goodwill Industries of N CTRL Pa ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $28.6m against liabilities of $18.9m, net assets of $9.6m. It reported 123 employees.