Frank Adoption Center

Analysis

Frank Adoption Center is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Frank Adoption Center reported income of $307k and spending of $262k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $187k to $307k (+64%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frank Adoption Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Africa Development Promise ($307k), York Electric Trust Inc ($307k) and Adalyn Rose Foundation ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $89k. At year end it held assets of $52k against liabilities of $12k, net assets of $40k. It reported 4 employees.