Frankies Family Inc

Analysis

Frankies Family Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Frankies Family Inc reported income of $137k and spending of $84k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $137k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frankies Family Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Colorado Immigrant Justice Fund ($137k), First Choice Social Services ($137k) and Families Helping Families Resource and Recreation Center Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.