St Francis Apartments Inc

Analysis

St Francis Apartments Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, St Francis Apartments Inc reported income of $322k and spending of $483k, spending 150% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $319k to $322k (+1.1%), an average of +0.4% a year. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Francis Apartments Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Colorado 500 Charities Fund ($322k), Impact100 Oakland County ($322k) and Madison County Pregnancy Help Center Inc ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $5.4m against liabilities of $69k, net assets of $5.4m.

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.