Frankies Friends Inc

Analysis

Frankies Friends Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Frankies Friends Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 81% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Frankies Friends Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Operation Pets the Spay Neuter Clinic of Western New York Inc ($1.2m), Promotion of Animal Welfare Society ($1.2m) and Fieldhaven Feline Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). Other salaries and wages came to $217k. At year end it held assets of $2.6m against liabilities of $175k, net assets of $2.5m. It reported 4 employees.