Franciscan Health Rensselaer

Analysis

Franciscan Health Rensselaer is a registered charity in United States, based in Rensselaer, IN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending December 2023, Franciscan Health Rensselaer reported income of $37.9m and spending of $37.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.9m to $37.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Health Rensselaer 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 IN. Charities of a similar size with the same main cause include Code for America Labs ($37.9m), Bluehub Loan Fund Inc ($38.0m) and New Alternatives for Children Inc ($37.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $11.0m. At year end it held assets of $21.1m against liabilities of $52.1m, net assets of -$31.0m. It reported 169 employees.