Franklin Vance Warren Housing of Franklin Co Inc

Analysis

Franklin Vance Warren Housing of Franklin Co Inc 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 community improvement and capacity building, which this site groups under community and economic development. 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 Housing of Franklin Co Inc reported income of $581k and spending of $614k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $528k to $581k (+10%), an average of +2.4% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin Vance Warren Housing of Franklin Co Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Soyland Access to Independent Living ($580k), Cendel Foundation ($581k) and Mackinac Associates ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $1.1m against liabilities of $2.1m, net assets of -$954k.