Discover Downtown Franklin Inc

Analysis

Discover Downtown Franklin Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Discover Downtown Franklin Inc reported income of $208k and spending of $213k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $242k to $208k (-14%), an average of -14% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Discover Downtown Franklin Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Law Foundation of Berks County ($208k), Association of California Goodwills ($208k) and Midwest Education and Community Outreach ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $75k (35% of expenses). At year end it held assets of $163k against liabilities of $399, net assets of $163k. It reported 5 employees.