Franklin Kids

Analysis

Franklin Kids is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Franklin Kids reported income of $206k and spending of $218k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $282k to $206k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Franklin Kids sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Kids Enjoy Exercise Now ($206k), Adams County Jr Livestock Sale Committee ($206k) and Crossview Christian Camp and Retreat Center ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% of the total. Compensation of current officers, directors and key employees was $40k (19% of expenses). Other salaries and wages came to $55k. At year end it held assets of $44k against liabilities of $0, net assets of $44k.