Franklin Foundation

Analysis

Franklin Foundation is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 reported income of $126k and spending of $104k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $126k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franklin Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Park 40 Club Inc ($126k), Childrens Cross Border Pediatrics Foundation ($126k) and Hello Life Eating Disorder Recovery Services ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $131k against liabilities of $6,296, net assets of $124k.