Franklin Foundation of Springfield

Analysis

Franklin Foundation of Springfield is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2006, 20 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 Springfield reported income of $179k and spending of $222k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $179k (+13%), an average of +3.2% a year. Over the whole period it spent 128% 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 Springfield 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 North East Manor Inc ($179k), Pendleton Village Inc ($179k) and Three West Housing ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $1.4m against liabilities of $44k, net assets of $1.4m.

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.