Franson-Risberg Memorial Mission

Analysis

Franson-Risberg Memorial Mission is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franson-Risberg Memorial Mission reported income of $180k and spending of $211k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $180k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franson-Risberg Memorial Mission sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Faribault Area Training and Education Foundation ($180k), Nami Marin Inc ($180k) and Batesville Community Theatre ($180k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4,106. At year end it held assets of $255k against liabilities of $0, net assets of $255k. It reported 5 employees.