Life at St Francis Healthcare Inc

Analysis

Life at St Francis Healthcare Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Life at St Francis Healthcare Inc reported income of $34.7m and spending of $28.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.9m to $34.7m (+29%), an average of +6.6% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life at St Francis Healthcare Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Independent Opportunities Inc of Oklahoma ($34.7m), Saint Joseph Villa ($34.8m) and Methodist Hospital Self Insurance Trust ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $28.5m against liabilities of $8.4m, net assets of $20.1m. It reported 1 employees.