Franciscan Shelters

Analysis

Franciscan Shelters is a registered charity in United States, based in Toledo, OH. 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 December 2023, Franciscan Shelters reported income of $1.2m and spending of $760k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $908k to $1.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Shelters sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Virginia Public Access Project ($1.2m), National Church Residences ($1.2m) and Growing Place ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $93k (12% of expenses). Other salaries and wages came to $315k. At year end it held assets of $2.4m against liabilities of $36k, net assets of $2.4m. It reported 23 employees.