Friends of the Lebanese Franciscan Sisters of the Cross

Analysis

Friends of the Lebanese Franciscan Sisters of the Cross is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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 December 2023, Friends of the Lebanese Franciscan Sisters of the Cross reported income of $175k and spending of $27k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $371k to $175k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Lebanese Franciscan Sisters of the Cross sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Valley Select ($175k), Derm Center ($175k) and Worldmaker Resilence Institute Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.