Franciscan Sisters of Chicago Service Corporation

Analysis

Franciscan Sisters of Chicago Service Corporation is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in November 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Franciscan Sisters of Chicago Service Corporation reported income of $15.8m and spending of $13.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.7m to $15.8m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 87% 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 Sisters of Chicago Service Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include The Healey International Relief Foundation Inc ($15.8m), Community Foundation for Mississippi ($15.8m) and Community Foundation of Western Massachusetts ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $3.9m (29% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $117.1m against liabilities of $4.7m, net assets of $112.4m. It reported 91 employees.