Franklin Neighborhood Development Corporation

Analysis

Franklin Neighborhood Development Corporation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2023, Franklin Neighborhood Development Corporation reported income of $138k and spending of $176k, spending 128% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $465k to $138k (-70%), an average of -46% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin Neighborhood Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Linden Section 4b Economic Development Corporation ($138k), Breakout Foundation Inc ($138k) and International Hug Foundation ($138k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $134k against liabilities of $49k, net assets of $85k.