Franklin Granville Vance Smart Inc

Analysis

Franklin Granville Vance Smart Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in January 1997, 29 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 2024, Franklin Granville Vance Smart Inc reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $2.8m (+21%), an average of +4.0% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin Granville Vance Smart Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Sunshine Services ($2.8m), Willow Valley Communities Charitable Foundation ($2.8m) and Kids Connected by Design Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $88k (3.3% of expenses). Other salaries and wages came to $871k. At year end it held assets of $366k against liabilities of $269k, net assets of $97k. It reported 23 employees.