Franciscan Missionaries of Our Lady University

Analysis

Franciscan Missionaries of Our Lady University 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. The IRS classifies it as a school 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 University reported income of $28.0m and spending of $28.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.7m to $28.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franciscan Missionaries of Our Lady University 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 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Lutheran Home ($27.9m), Hope and Help Center of Central Florida Inc ($28.0m) and Capital Area Community Services Inc ($27.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $479k (1.7% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $69.5m against liabilities of $35.0m, net assets of $34.5m. It reported 398 employees.