Saint Francis Home

Analysis

Saint Francis Home is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Francis Home reported income of $4.2m and spending of $5.0m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Francis Home sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Womens Economic Ventures ($4.2m), Pima Community College Foundation Inc ($4.2m) and Habitat for Humanity International Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $92k (1.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.5m against liabilities of $546k, net assets of $5.9m. It reported 77 employees.

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.