Foundations for Franklin County Inc

Analysis

Foundations for Franklin County Inc is a registered charity in United States, based in Washington, MO. It received its IRS tax-exemption ruling in March 2022, 4 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, Foundations for Franklin County Inc reported income of $317k and spending of $309k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $93k to $317k (+240%), an average of +28% a year. The sharpest change came in the year to December 2019, when income rose by 332%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations for Franklin County Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within MO. Charities of a similar size with the same main cause include Second Mile Outreach ($317k), Audio Journal Inc ($317k) and Hale County Meals on Wheels ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $87k (28% of expenses). Other salaries and wages came to $17k. At year end it held assets of $48k against liabilities of $9,245, net assets of $39k. It reported 4 employees.