Franciscan Charities Inc
Franciscan Charities Inc consistently directs 100% of expenses to programs, administration, and fundraising, with no reported officer compensation.
EIN: 201557589 · Newark, NJ · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $607K |
| Total Expenses | $487K |
| Program Spending | 100% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Franciscan Charities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franciscan Charities Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franciscan Charities Inc
Franciscan Charities Inc (EIN: 201557589) is a nonprofit organization based in Newark, NJ, classified under NTEE code P40. The organization reported total revenue of $607K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franciscan Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franciscan Charities Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $713K |
| Total Expenses | $487K |
| Surplus / Deficit | +$226K |
| Total Assets | $1.9M |
| Total Liabilities | $564K |
| Net Assets | $1.3M |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 46.6 months |
Financial Health Grade: A
In 2023, Franciscan Charities Inc reported a surplus of $226K with revenue exceeding expenses, holds 46.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Franciscan Charities Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.7% | +7.2% | +17.4% |
| 2022 | -31.2% | +3.3% | +55.5% |
| 2021 | +19.8% | +7.3% | +41.3% |
| 2020 | -7.6% | -11.3% | +56.3% |
| 2019 | +34.0% | -5.2% | +104.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franciscan Charities Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Franciscan Charities Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $226K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
Franciscan Charities Inc reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for an organization of its size with revenues consistently above $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Franciscan Charities Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Significant asset growth from $188,052 in 2014 to $1,892,241 in 2023, demonstrating strong financial management.
- Consistent revenue generation, with annual revenues generally above $500,000.
- 13 IRS 990 filings available, indicating strong transparency and compliance.
- All reported expenses are directed towards programs, administration, and fundraising, with no other significant overhead categories.
Frequently Asked Questions about Franciscan Charities Inc
Is Franciscan Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Franciscan Charities Inc (EIN: 201557589) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Franciscan Charities Inc spend its money?
Franciscan Charities Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franciscan Charities Inc tax-deductible?
Franciscan Charities Inc is registered as a tax-exempt nonprofit (EIN: 201557589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Franciscan Charities Inc CEO make?
Franciscan Charities Inc's highest-compensated officer earns $500,000. annually. The organization reported $607K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Franciscan Charities Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Franciscan Charities Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franciscan Charities Inc located?
Franciscan Charities Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 201557589. It is classified under NTEE code P40.
How many years of IRS 990 filings does Franciscan Charities Inc have?
Franciscan Charities Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $607K in total revenue.
Is Franciscan Charities Inc a good charity?
Based on the provided data, Franciscan Charities Inc appears to be a very good charity. It consistently reports 0% officer compensation, has shown significant asset growth from $188,052 in 2014 to $1,892,241 in 2023, and directs all reported expenses to its core activities, indicating strong financial health and mission focus.
How has Franciscan Charities Inc's financial health changed over the last decade?
Franciscan Charities Inc has shown substantial financial growth over the last decade. Its assets have increased from $188,052 in 2014 to $1,892,241 in 2023, and annual revenues have generally remained strong, fluctuating between approximately $460,000 and $740,000, demonstrating resilience and growth.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation across all available IRS 990 filings. This indicates that no salaries are paid to its officers, which is a strong positive for donors concerned about administrative costs.
Filing History
IRS 990 filing history for Franciscan Charities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franciscan Charities Inc's revenue has declined by 7.5%, moving from $771K to $713K. Total assets increased by 485.4% over the same period, from $323K to $1.9M. Total functional expenses fell by 29.1%, from $687K to $487K. In its most recent filing year (2023), Franciscan Charities Inc reported a surplus of $226K, with revenue exceeding expenses. The organization holds $564K in liabilities against $1.9M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $713K | $487K | $1.9M | $564K | — | View 990 |
| 2022 | $510K | $454K | $1.6M | $570K | — | — |
| 2021 | $741K | $440K | $1.0M | $11K | — | — |
| 2020 | $619K | $410K | $734K | $51K | — | View 990 |
| 2019 | $670K | $462K | $470K | $12K | — | View 990 |
| 2018 | $500K | $487K | $230K | $4K | — | View 990 |
| 2017 | $528K | $524K | $228K | $7K | — | — |
| 2016 | $534K | $527K | $220K | $9K | — | View 990 |
| 2015 | $553K | $481K | $205K | $6K | — | View 990 |
| 2014 | $464K | $485K | $188K | $58K | — | View 990 |
| 2013 | $772K | $795K | $346K | $28K | — | View 990 |
| 2012 | $724K | $218K | $340K | $-1,133 | — | View 990 |
| 2011 | $771K | $687K | $323K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $713K, expenses of $487K, and assets of $1.9M (revenue +39.7% year-over-year).
- 2022: Revenue of $510K, expenses of $454K, and assets of $1.6M (revenue -31.2% year-over-year).
- 2021: Revenue of $741K, expenses of $440K, and assets of $1.0M (revenue +19.8% year-over-year).
- 2020: Revenue of $619K, expenses of $410K, and assets of $734K (revenue -7.6% year-over-year).
- 2019: Revenue of $670K, expenses of $462K, and assets of $470K (revenue +34.0% year-over-year).
- 2018: Revenue of $500K, expenses of $487K, and assets of $230K (revenue -5.2% year-over-year).
- 2017: Revenue of $528K, expenses of $524K, and assets of $228K (revenue -1.2% year-over-year).
- 2016: Revenue of $534K, expenses of $527K, and assets of $220K (revenue -3.5% year-over-year).
- 2015: Revenue of $553K, expenses of $481K, and assets of $205K (revenue +19.3% year-over-year).
- 2014: Revenue of $464K, expenses of $485K, and assets of $188K (revenue -39.9% year-over-year).
- 2013: Revenue of $772K, expenses of $795K, and assets of $346K (revenue +6.6% year-over-year).
- 2012: Revenue of $724K, expenses of $218K, and assets of $340K (revenue -6.1% year-over-year).
- 2011: Revenue of $771K, expenses of $687K, and assets of $323K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franciscan Charities Inc:
Data Sources and Methodology
This transparency report for Franciscan Charities Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.