University of St Francis

Analysis

University of St Francis is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in June 1960, 66 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, University of St Francis reported income of $67.8m and spending of $70.3m, spending 104% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $75.1m to $67.8m (-9.8%), an average of -2.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of St Francis sits at the 99th 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 Massachusetts League of Community Health Centers Inc ($67.8m), Goodwill Industries of Arkansas Inc ($67.9m) and Borinquen Health Care Center Inc ($67.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 7.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.3m (1.9% of expenses). Other salaries and wages came to $20.5m. It paid $105k in professional fundraising fees. At year end it held assets of $99.0m against liabilities of $40.1m, net assets of $58.9m. It reported 1,025 employees.