Franklinton Cycleworks

Analysis

Franklinton Cycleworks is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Franklinton Cycleworks reported income of $516k and spending of $439k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $241k to $516k (+114%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franklinton Cycleworks sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include The Mirasol Foundation Inc ($516k), Blue Ridge Center ($516k) and Mt Baker Rotary Foundation ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). Other salaries and wages came to $137k. At year end it held assets of $756k against liabilities of $412k, net assets of $344k.