Franciscan Ministries Inc

Analysis

Franciscan Ministries Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Franciscan Ministries Inc reported income of $593k and spending of $625k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $881k to $593k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franciscan Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Near North Development Corporation ($593k), Mission Hill Neighborhood Housing ($593k) and Hope & Door ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $54k (8.6% of expenses). Other salaries and wages came to $297k. At year end it held assets of $161k against liabilities of $557, net assets of $161k. It reported 11 employees.