The Franciscan Hermitage Inc

Analysis

The Franciscan Hermitage Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1985, 41 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Franciscan Hermitage Inc reported income of $77k and spending of $95k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $77k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Franciscan Hermitage Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Davis County Fine Arts Council ($77k), Lola M Remington Trust Interfirst Bank Wichita Falls Na ($77k) and Volunteer Services Council for the Brenham State School ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $46k against liabilities of $1,269, net assets of $45k.