Franklin Mint Federal Credit Unionfoundation Inc

Analysis

Franklin Mint Federal Credit Unionfoundation Inc is a registered charity in United States, based in Chadds Ford, PA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Mint Federal Credit Unionfoundation Inc reported income of $613k and spending of $183k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $613k (+480%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Mint Federal Credit Unionfoundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Arms Around Ba Inc ($613k), Mothers Aligned Saving Kids Inc ($613k) and Bethany Christian Academy ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.8% of the total. Other salaries and wages came to $8,775. At year end it held assets of $996k against liabilities of $0, net assets of $996k. It reported 2 employees.