Franco Foundation Inc

Analysis

Franco Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Franco Foundation Inc reported income of $169k and spending of $143k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $189k to $169k (-11%), an average of -2.8% a year. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franco Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Morrow County Hospital Foundation ($169k), Teddy Bear Party ($169k) and Together Empowered Inc ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.