Franciscan Health Foundation Inc

Analysis

Franciscan Health Foundation Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Health Foundation Inc reported income of $7.1m and spending of $11.0m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.2m to $7.1m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 126% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franciscan Health Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Huntington County Community Foundation Inc ($7.1m), Born This Way Foundation ($7.1m) and Teneo Network Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $67.7m against liabilities of $11.5m, net assets of $56.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.