Franklin Independent Senior Housing

Analysis

Franklin Independent Senior Housing is a registered charity in United States, based in Franklin, ME. It received its IRS tax-exemption ruling in September 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Franklin Independent Senior Housing reported income of $272k and spending of $238k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $268k to $272k (+1.6%), an average of +0.4% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Independent Senior Housing sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Peckham Housing Corporation ($272k), Shawl II Senior Housing Montague ($272k) and SNHS Raymond Elderly Housing Inc ($272k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $303k against liabilities of $279k, net assets of $24k.