Franciscan Properties Incorporated

Analysis

Franciscan Properties Incorporated is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Properties Incorporated reported income of $879k and spending of $625k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $906k to $879k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franciscan Properties Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include West Central Learning Academy II Inc ($879k), Emmanuel Christian School ($879k) and Gateway Montessori School ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $59k (9.4% of expenses). Other salaries and wages came to $73k. At year end it held assets of $4.6m against liabilities of $73k, net assets of $4.5m.