Franklin County Historical Association

Analysis

Franklin County Historical Association is a registered charity in United States, based in Mount Vernon, TX. It received its IRS tax-exemption ruling in February 1990, 36 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 2022, Franklin County Historical Association reported income of $174k and spending of $143k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $234k to $174k (-25%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin County Historical Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Independent Living of Willowood Inc ($174k), Vna Community Services Inc ($174k) and Maclure Library Association Inc ($174k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.3m against liabilities of $306k, net assets of $2.0m. It reported 1 employees.