Franklin Ovid Birmingham Trust 2

Analysis

Franklin Ovid Birmingham Trust 2 is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in February 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklin Ovid Birmingham Trust 2 reported income of $147k and spending of $196k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $147k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Ovid Birmingham Trust 2 sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Sixes Rural Fire Protection Dist ($147k), Last Frontier Honor Flight Inc ($147k) and Honor Flight of Central Oregon ($147k).

Compensation of current officers, directors and key employees was $36k (18% of expenses). At year end it held assets of $3.9m against liabilities of $235k, net assets of $3.7m. It reported 1 employees.