Allegany Franciscan Ministries Inc

Analysis

Allegany Franciscan Ministries Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Allegany Franciscan Ministries Inc reported income of $5.3m and spending of $8.4m, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $5.3m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 266%. Over the whole period it spent 128% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Allegany Franciscan Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Gull Lake Ministries ($5.2m), Pro Athletes Outreach ($5.3m) and Chevra Kadisha-Sinai Memorial Chapel ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $310k (3.7% of expenses). Other salaries and wages came to $605k. At year end it held assets of $113.4m against liabilities of $2.6m, net assets of $110.8m.