Frannie Peabody Center Inc

Analysis

Frannie Peabody Center Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 1987, 39 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 December 2023, Frannie Peabody Center Inc reported income of $4.0m and spending of $2.4m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.0m (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frannie Peabody Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Linn Community Nursing Home Inc ($4.0m), American Psychoanalytic Association ($4.0m) and Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $198k (8.4% of expenses). Other salaries and wages came to $587k. At year end it held assets of $2.8m against liabilities of $402k, net assets of $2.4m. It reported 18 employees.