Franciscan Properties Inc

Analysis

Franciscan Properties Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1988, 38 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 December 2023, Franciscan Properties Inc reported income of $8.0m and spending of $8.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.4m to $8.0m (-4.8%), an average of -1.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Properties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Prairie Manor Inc ($8.0m), Behavioral Research Association Inc ($8.0m) and Open Contracting Partnership ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $892k. At year end it held assets of $68.5m against liabilities of $40.8m, net assets of $27.7m. It reported 13 employees.