Franciscan Medical Group

Analysis

Franciscan Medical Group is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Franciscan Medical Group reported income of $449.7m and spending of $657.1m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $549.2m to $449.7m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franciscan Medical Group 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 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Tanner Medical Center Inc ($448.5m), Gothic HSP Corporation ($451.9m) and Hanford Community Hospital ($447.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.4m (0.2% of expenses). Other salaries and wages came to $436.9m. At year end it held assets of $241.3m against liabilities of $245.3m, net assets of -$4.1m. It reported 3,419 employees.

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.