Franklin Foundation of Liberty Square Inc

Analysis

Franklin Foundation of Liberty Square Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1999, 27 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 Foundation of Liberty Square Inc reported income of $113k and spending of $126k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $113k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Foundation of Liberty Square Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Morristown Area Development Corporation ($113k), Desert Willow Apartments ($113k) and Financial Institutions Housing Opportunity Pool ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $530k against liabilities of $102k, net assets of $428k.