Bernardine Franciscan Sisters Foundation Inc

Analysis

Bernardine Franciscan Sisters Foundation Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bernardine Franciscan Sisters Foundation Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $921k to $1.0m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2024, when income rose by 101%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bernardine Franciscan Sisters Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Kingsborough Community College Auxiliary Enterprises Corp ($1.0m), Housing Connection of Clark County Inc ($1.0m) and Boy Scouts of America ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.6% of the total. At year end it held assets of $22.9m against liabilities of $0, net assets of $22.9m.

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.