Franklin Simpson Renaissance

Analysis

Franklin Simpson Renaissance is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2024, Franklin Simpson Renaissance reported income of $363k and spending of $396k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $129k to $363k (+182%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin Simpson Renaissance sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Driftless Development Inc ($363k), Eastern Washington Community Dairy ($363k) and Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund ($363k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 0.4% of the total. Other salaries and wages came to $76k. At year end it held assets of $781k against liabilities of $6,399, net assets of $774k. It reported 2 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.