Franciscan Alliance Inc

Analysis

Franciscan Alliance Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Franciscan Alliance Inc reported income of $3.54bn and spending of $3.60bn, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.24bn to $3.54bn (+9.4%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franciscan Alliance 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 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Sutter Bay Medical Foundation ($3.51bn), Dignity Community Care ($3.56bn) and The Childrens Hospital of Philadelphia ($3.45bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $6.9m (0.2% of expenses). Other salaries and wages came to $1.35bn. At year end it held assets of $6.05bn against liabilities of $1.96bn, net assets of $4.08bn. It reported 23,141 employees.