Franklinton Center Inc

Analysis

Franklinton Center Inc is a registered charity in United States, based in Whitakers, NC. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Franklinton Center Inc reported income of $605k and spending of $655k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $935k to $605k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklinton Center Inc 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 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Shelby County Outreach Ministries Inc ($604k), California Association of Local Agency Formation Commissions ($605k) and Utah Nonprofits Association Inc ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $179k. It paid $84k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $46k, net assets of $1.1m. It reported 4 employees.