Franklin Center for Global Policy Exchange

Analysis

Franklin Center for Global Policy Exchange is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 Center for Global Policy Exchange reported income of $2.1m and spending of $1.4m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Center for Global Policy Exchange sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include Walden Ambulance Corp ($2.1m), Young Womens Christian Association ($2.1m) and Youth for Christ USA Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $334k (24% of expenses). Other salaries and wages came to $244k. At year end it held assets of $6.6m against liabilities of $1.1m, net assets of $5.5m.