Francis Heights Inc

Analysis

Francis Heights Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2018, 8 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Francis Heights Inc reported income of $3.8m and spending of $3.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Francis Heights Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Lake Johanna Volunteer Fire Department ($3.8m), National Apartment Association Education Institute ($3.8m) and Allapattah Community Action Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. At year end it held assets of $20.2m against liabilities of $10.6m, net assets of $9.6m.