Franklin Food Pantry Incorporated

Analysis

Franklin Food Pantry Incorporated is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Franklin Food Pantry Incorporated reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $807k to $1.6m (+92%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 127%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin Food Pantry Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include A Womans Place Inc ($1.6m), Family Justice Center of Erie County Inc ($1.6m) and Myhealth for Teens and Young Adults Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $83k (6.6% of expenses). Other salaries and wages came to $367k. It paid $14k in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $493k, net assets of $2.7m. It reported 13 employees.