Franciscan Aco Inc

Analysis

Franciscan Aco Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franciscan Aco Inc reported income of $84.9m and spending of $87.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.2m to $84.9m (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franciscan Aco Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Genesee Region Home Care Association Inc ($84.9m), Goshen Health System Inc ($84.9m) and Bay Area Community Resources ($84.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 92% of the total. At year end it held assets of $15.8m against liabilities of $7.3m, net assets of $8.6m.