Franklinton Rising

Analysis

Franklinton Rising is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in June 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklinton Rising reported income of $531k and spending of $249k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $531k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Franklinton Rising sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include 218-220-222 West 141 Street Housing Corp ($531k), Alliance for the Betterment of Citizens with Disabilities Inc ($531k) and Friendship Manor Housing Development Fund Company Inc ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $84k (34% of expenses). At year end it held assets of $2.0m against liabilities of $685k, net assets of $1.3m.