Frankies World Foundation

Analysis

Frankies World Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Frankies World Foundation reported income of $1.9m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frankies World Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Home Away From Home CDC ($1.9m), Visalia Emergency Aid Council ($1.9m) and Alvin Eades Center Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $332k against liabilities of $8,037, net assets of $324k. It reported 61 employees.