Be Frank Foundation

Analysis

Be Frank Foundation is a registered charity in United States, based in Bayfield, CO. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Be Frank Foundation reported income of $255k and spending of $202k, leaving 21% of income unspent that year. Across the 3 years on record, from August 2020 to August 2023, income grew from $205k to $255k (+25%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Be Frank Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include India Cultural and Education Center Inc ($255k), Voices of Our Nations Arts Foundati on ($255k) and South County Football League ($255k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $69k (34% of expenses). Other salaries and wages came to $12k. At year end it held assets of $103k against liabilities of $0, net assets of $103k. It reported 5 employees.