Franciscan Center Inc

Analysis

Franciscan Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Franciscan Center Inc reported income of $3.7m and spending of $2.3m, leaving 37% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $3.7m (+101%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 72%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franciscan Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Its Time Texas Inc ($3.7m), Congressional Hunger Center ($3.7m) and Endeavors Unlimited Inc ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $150k (6.5% of expenses). Other salaries and wages came to $928k. At year end it held assets of $5.8m against liabilities of $388k, net assets of $5.4m. It reported 43 employees.