Franklin Square

Analysis

Franklin Square is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Franklin Square reported income of $305k and spending of $317k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $288k to $305k (+6.1%), an average of +2.0% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Square sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Andrews Gardens Incorporated ($305k), Austin Community Radio ($305k) and Georgia Hi-Lo Trail Inc ($305k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $31k (9.9% of expenses). Other salaries and wages came to $9,600. At year end it held assets of $329k against liabilities of $644k, net assets of -$316k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.