St Francis Seraph Ministries

Analysis

St Francis Seraph Ministries is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2023, St Francis Seraph Ministries reported income of $625k and spending of $1.5m, spending 247% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $625k (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Francis Seraph Ministries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include FMW Medspa Inc ($625k), Arkansas Valley Resource Center Inc ($625k) and St Landry Council on Aging ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $153k (9.9% of expenses). Other salaries and wages came to $362k. At year end it held assets of $11.0m against liabilities of $137k, net assets of $10.9m. It reported 16 employees.