Francis Xavier Plaza Inc

Analysis

Francis Xavier Plaza Inc is a registered charity in United States, based in Bloomfield, CT. 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 December 2023, Francis Xavier Plaza Inc reported income of $360k and spending of $520k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $360k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 167% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Francis Xavier Plaza Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include PBS Impact Foundation Inc ($360k), Chestnut Hill Business Improvement District ($360k) and B U L L Session Charity Golf Tournament ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Other salaries and wages came to $44k. At year end it held assets of $5.8m against liabilities of $7.5m, net assets of -$1.7m.

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.