Franciscan Apartments Inc

Analysis

Franciscan Apartments Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Franciscan Apartments Inc reported income of $73k and spending of $88k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $72k to $73k (+2.0%), an average of +0.5% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franciscan Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include Madison Valley Caring and Sharing Inc ($73k), Tylv Clothing ($73k) and Grit 920 ($73k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $7,615. At year end it held assets of $556k against liabilities of $478k, net assets of $78k.

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.