Franklin Senior Housing Inc

Analysis

Franklin Senior Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Senior Housing Inc reported income of $223k and spending of $343k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $223k (+10%), an average of +2.4% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Senior Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Mekkah a Morings Housing Inc ($223k), Long Island Housing Partnership Community Development Financial in ($223k) and Noble Senior Citizens Housing Authority Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.7m against liabilities of $95k, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.