Franklin Housing Collaborative

Analysis

Franklin Housing Collaborative is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Collaborative reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklin Housing Collaborative sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Heating Energy Assistance Team Inc ($1.3m), Family Promise of Warren County ($1.3m) and Troutman-Evergreen Housing Development Fund Company Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. At year end it held assets of $4.1m against liabilities of $1.1m, net assets of $3.0m.