Franciscan Missionaries of Our Lady Health System Inc

Analysis

Franciscan Missionaries of Our Lady Health System Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Franciscan Missionaries of Our Lady Health System Inc reported income of $303.2m and spending of $381.0m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $224.1m to $303.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 164%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franciscan Missionaries of Our Lady Health System 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 100th percentile, and in the 100th percentile within LA. Charities of a similar size with the same main cause include Integris Rural Health Inc ($303.1m), Integris South Oklahoma City Hospital Corporation ($303.2m) and Doctors Hospital Inc ($302.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11.9m (3.1% of expenses). Other salaries and wages came to $126.3m. At year end it held assets of $2.45bn against liabilities of $2.01bn, net assets of $438.6m. It reported 1,907 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.