Franklin Noon Rotary Charitable Foundation Inc

Analysis

Franklin Noon Rotary Charitable Foundation Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Noon Rotary Charitable Foundation Inc reported income of $465k and spending of $358k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2015 to December 2023, income grew from $203k to $465k (+129%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 1080%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin Noon Rotary Charitable Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Mt Airy Community Services Corporation ($465k), Cedar Valley Tech Works Inc ($465k) and Michigan Economic Developers Association ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.