Charles L Franklin Trust

Analysis

Charles L Franklin Trust is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in April 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charles L Franklin Trust reported income of $216k and spending of $228k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $216k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles L Franklin Trust sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Wesley Foundation ($216k), U Mass Court Club Inc ($216k) and Junior Auxillary of Jonesboro Arkansas Inc ($215k).

Compensation of current officers, directors and key employees was $15k (6.6% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.