Friends of Franklin Fine Arts Center NFP

Analysis

Friends of Franklin Fine Arts Center NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Franklin Fine Arts Center NFP reported income of $100k and spending of $101k, spending 101% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $107k to $100k (-6.7%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Franklin Fine Arts Center NFP sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include North Rudyard Christian School Society ($100k), Parent Booster USA Inc ($100k) and Kittredge Parents Association ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.