Friends Of@franklin Parks Inc

Analysis

Friends Of@franklin Parks Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends Of@franklin Parks Inc reported income of $993k and spending of $308k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $993k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 260%. Over the whole period it spent 32% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends Of@franklin Parks Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Marmon Valley Ministries Inc ($993k), Lysander Youth Hockey Inc ($994k) and West Pines United Futbol Club Inc ($993k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $87k (28% of expenses). Other salaries and wages came to $102k. At year end it held assets of $3.1m against liabilities of $513k, net assets of $2.6m. It reported 6 employees.