Franklin Community Center Inc

Analysis

Franklin Community Center Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Franklin Community Center Inc reported income of $1.8m and spending of $1.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Community Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include The Mustard Seed Inc ($1.8m), Federation for Jewish Philanthropy of Upper Fairfield County Inc ($1.8m) and Gay Mens Chorus of Los Angeles ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $109k (6.7% of expenses). Other salaries and wages came to $538k. At year end it held assets of $4.5m against liabilities of $35k, net assets of $4.5m. It reported 20 employees.