Franklin County R a C E Inc

Analysis

Franklin County R a C E Inc is a registered charity in United States, based in Hampton, IA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Franklin County R a C E Inc reported income of $390k and spending of $621k, spending 159% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $220k to $390k (+77%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 264%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin County R a C E Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Caritas Center Qalicb ($390k), End Slavery Georgia Inc ($390k) and Choose Life Inc ($390k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 13 employees.