Franklin Cooperative Ministry Inc

Analysis

Franklin Cooperative Ministry Inc is a registered charity in United States, based in Franklin, VA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Cooperative Ministry Inc reported income of $604k and spending of $591k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $604k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin Cooperative Ministry Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Feed the Need Missions ($604k), Border Angels ($605k) and Camille Place ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $88k. At year end it held assets of $895k against liabilities of $0, net assets of $895k. It reported 4 employees.