Franklin United Methodist Home Inc

Analysis

Franklin United Methodist Home Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in December 1951, 75 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, Franklin United Methodist Home Inc reported income of $23.8m and spending of $20.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.3m to $23.8m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin United Methodist Home Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Touchstone Behavioral Health ($23.8m), National Regency of New Berlin Inc ($23.8m) and Miracle Hill Ministries Inc ($23.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $269k (1.3% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $73.0m against liabilities of $33.3m, net assets of $39.8m. It reported 620 employees.