Franklin-Southampton Fair Foundation

Analysis

Franklin-Southampton Fair Foundation is a registered charity in United States, based in Courtland, VA. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Franklin-Southampton Fair Foundation reported income of $216k and spending of $239k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $194k to $216k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 180%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin-Southampton Fair Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Jackson Youth Basketball Association ($216k), Msu Bears Football Players Association Inc ($216k) and Big Cat Aquatics Inc ($216k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.7% and program service revenue 81% of the total. At year end it held assets of $85k against liabilities of $120, net assets of $85k.