Sisters of Nazareth of Fresno

Analysis

Sisters of Nazareth of Fresno is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Sisters of Nazareth of Fresno reported income of $6.0m and spending of $6.0m, spending 101% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $5.2m to $6.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to March 2023, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sisters of Nazareth of Fresno sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Childrens Home Society of Minnesota ($6.0m), Children First Pa ($6.0m) and Eastern Plains Caa Inc ($6.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $134k (2.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.8m against liabilities of $484k, net assets of $3.4m. It reported 143 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.