Philanthropy & Grantmaking (T22) IRS Verified DX Registered 990 on File

FRANCISCAN HEALTH FOUNDATION INC

EIN: 35-1955283 · MISHAWAKA, IN 46544-4710 · United States · FY 2024 Data

3 out of 5 51 / 100 Based on 2+ years of filings

Financial strength (30%) 77/100

Reliability (20%) 55/100

Effectiveness (25%) 68/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

FRANCISCAN HEALTH FOUNDATION, INC. (THE FOUNDATION) RAISES, INVESTS, AND DISBURSES CONTRIBUTIONS TO SUPPORT THE PROGRAMS AND SERVICES OF FRANCISCAN ALLIANCE, INC. THE OVERARCHING PURPOSE IS TO CONTINUE THE HEALING MINISTRY OF CHRIST IN ACCORDANCE WITH THE TEACHINGS OF THE ROMAN CATHOLIC CHURCH AND IN PARTNERSHIP WITH OTHERS TO PROVIDE A FULL CONTINUUM OF HEALTH CARE SERVICES; THE FOUNDATION IS DEDICATED TO ADDRESSING THE EVER-GROWING HEALTHCARE NEEDS OF OUR PATIENTS AND TO SUPPORTING ALL FRANCISCAN ALLIANCE, INC.'S HEALTH CENTERS IN THEIR COMMITMENT TO BUILDING HEALTHIER COMMUNITIES. THE FUNDS RAISED AND DISBURSED BY THE FOUNDATION SUPPORT THE NEEDS OF PATIENTS WITHOUT THE RESOURCES TO ATTAIN CARE – WITHOUT REGARDS TO AGE, SEX, RELIGION OR NATIONAL ORIGIN; INCREASE PATIENT ACCESS TO MEDICAL TECHNOLOGY FURTHERS SCIENTIFIC AND MEDICAL EDUCATION OPPORTUNITIES IN ORDER TO IMPROVE CARE; AND PROMOTES WELLNESS WITHIN THE COMMUNITIES WE SERVE.

Financial Overview — FY 2024

$11.1M

Total Revenue

$14.9M

Total Expenses

$60.7M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 99.7%

Fundraising Efficiency 0.0%

Operating Reserve 49.02x

Liability-to-Asset 25.1%

Revenue Diversification 72.2%

Executive Compensation $0

Compared with Peers

FY 2024

Compared with 923 similar organizations (United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	99.7%	91.7%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	0.3%	6.2%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	2.2%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	925.3%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	49.0 mo	70.2 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	25.1%	2.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	72.2%	88.2%	P10P90	Above median
Revenue growth Year over year revenue growth	55.7%	17.6%	P10P90
Expense growth Year over year expense growth	35.5%	10.6%	P10P90
Surplus margin Surplus as a share of revenue	-33.9%	6.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$11.1M	$14.9M	$60.7M	99.7%
2023	$7.1M	$11.0M	$56.2M	99.7%
2022	$8.5M	$10.4M	$49.7M	99.7%
2021	$9.7M	$10.0M	N/A	—

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Organization Details

EIN: 35-1955283
State: IN
City: MISHAWAKA
ZIP: 46544-4710
Classification: T22
Category: Philanthropy & Grantmaking
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1995
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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