The 470 Franklin Project Inc

Analysis

The 470 Franklin Project Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, The 470 Franklin Project Inc reported income of $142k and spending of $155k, spending 109% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $123k to $142k (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The 470 Franklin Project Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Rock Fish Meadows Inc ($142k), PTA California Congress of Parents Teachers & Students Inc ($142k) and Momentum & Value for People of Color Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $683k against liabilities of $351k, net assets of $332k.