St Francis Commons Inc

Analysis

St Francis Commons Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, St Francis Commons Inc reported income of $2.8m and spending of $3.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.8m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Francis Commons Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Housing for Independent Living Incorporated ($2.8m), Union Plaza Apartments ($2.8m) and Affordable Housing Management Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $78k (2.4% of expenses). Other salaries and wages came to $476k. At year end it held assets of $762k against liabilities of $2.3m, net assets of -$1.6m. It reported 40 employees.

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.