Franklin Park Development Tenants Association

Analysis

Franklin Park Development Tenants Association is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Franklin Park Development Tenants Association reported income of $1.3m and spending of $711k, leaving 46% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income fell from $2.3m to $1.3m (-41%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 592%. Over the whole period it spent 23% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Park Development Tenants Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Supportive Living Inc ($1.3m), San Francisco Housing Action Coalition ($1.3m) and Turning Point Community Services ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. At year end it held assets of $12.8m against liabilities of $101k, net assets of $12.7m.