Franklin Foundation of Germantown Inc

Analysis

Franklin Foundation of Germantown Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2004, 22 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 (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, Franklin Foundation of Germantown Inc reported income of $180k and spending of $246k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $180k (+18%), an average of +4.1% a year. Over the whole period it spent 129% 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 Germantown Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include M H C Development Company Inc ($180k), Serenity Village of Opelousas Inc ($180k) and Center Housing Development Fund Corporation ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $1.0m against liabilities of $67k, net assets of $959k.

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.