Franklin Residences Inc

Analysis

Franklin Residences Inc is a registered charity in United States, based in Shippensburg, PA. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2024, Franklin Residences Inc reported income of $131k and spending of $83k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $129k to $131k (+1.3%), an average of +1.3% a year. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin Residences Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Hope Community Development Center ($130k), Community Youth Center ($131k) and Charles Street Development Corporation ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $228k against liabilities of $316k, net assets of -$88k.