Franklin Furnace Archive Inc

Analysis

Franklin Furnace Archive Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in January 1977, 49 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 July 2023, Franklin Furnace Archive Inc reported income of $427k and spending of $395k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $208k to $427k (+105%), an average of +20% a year. The sharpest change came in the year to July 2020, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Furnace Archive Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Save Our Children Inc ($427k), Meetinghouse Church Foundation ($427k) and Community Resources Council of Shawnee County Kansas Inc ($427k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 86% and program service revenue 3.9% of the total. At year end it held assets of $588k against liabilities of $113k, net assets of $475k.