South Franklin Circle

Analysis

South Franklin Circle is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, South Franklin Circle reported income of $20.2m and spending of $20.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $20.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Franklin Circle sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Clover Nola Inc ($20.2m), Developmental Services of Northwest Kansas Inc ($20.2m) and Ecumenical Enterprises Inc ($20.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $109.4m against liabilities of $125.0m, net assets of -$15.5m. It reported 126 employees.