Franciscan Communities Inc

Analysis

Franciscan Communities Inc is a registered charity in United States, based in Lemont, IL. 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 Communities Inc reported income of $119.0m and spending of $121.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $126.6m to $119.0m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Communities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Mercy Hospital Ada Inc ($118.2m), The Alameda County Community Food Bank Inc ($119.8m) and Gaston Family Health Services Inc ($118.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $729k (0.6% of expenses). Other salaries and wages came to $38.4m. At year end it held assets of $213.3m against liabilities of $186.5m, net assets of $26.8m. It reported 1,617 employees.