Franklin Foundation of Kettering Park Two Inc

Analysis

Franklin Foundation of Kettering Park Two Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 2003, 23 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 December 2023, Franklin Foundation of Kettering Park Two Inc reported income of $188k and spending of $248k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $188k (+11%), an average of +2.7% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Foundation of Kettering Park Two Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Parambil Group Inc ($188k), Bingham Housing Incorporated ($188k) and Bethesda House Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $1.0m against liabilities of $69k, net assets of $947k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.