Franklin Vance Warren Opportunity

Analysis

Franklin Vance Warren Opportunity is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2023, Franklin Vance Warren Opportunity reported income of $10.0m and spending of $10.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $10.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin Vance Warren Opportunity sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Albuquerque Health Care for the Homeless Inc ($10.0m), Chi Management Incorporated ($10.0m) and Together Inc of Metropolitian Omaha ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $190k (1.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.6m. It reported 113 employees.