Franconia Soaring Foundation Inc

Analysis

Franconia Soaring Foundation Inc is a registered charity in United States, based in Franconia, NH. It received its IRS tax-exemption ruling in January 2017, 9 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 (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, Franconia Soaring Foundation Inc reported income of $563k and spending of $41k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $563k (+348%), an average of +348% a year. The sharpest change came in the year to December 2023, when income rose by 348%. Over the whole period it spent 10% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Franconia Soaring Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within NH. Charities of a similar size with the same main cause include STEM for Her Foundation ($563k), Color Compton Inc ($563k) and Faith Alternative Juvenile Program Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.1% of the total. At year end it held assets of $1.1m against liabilities of $189k, net assets of $890k.