Franklin County Education Corporation

Analysis

Franklin County Education Corporation is a registered charity in United States, based in Meadville, MS. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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, Franklin County Education Corporation reported income of $124k and spending of $54k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $432k to $124k (-71%), an average of -71% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin County Education Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MS. Charities of a similar size with the same main cause include Cobb Mission Inc ($124k), Empowering Youth Towards Excellence ($124k) and PTA Georgia Congress ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $604k against liabilities of $0, net assets of $604k.