Franklin Ministries Inc

Analysis

Franklin Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Inc reported income of $101k and spending of $136k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $101k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Franklin Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Neos Initiative ($101k), Iglesia Voz de Arcangel ($101k) and Holy Synod of Saint Athanasius Congregation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $60k (44% of expenses). At year end it held assets of $101k against liabilities of $8,094, net assets of $93k. It reported 1 employees.