Franklin Center for Innovation Inc

Analysis

Franklin Center for Innovation Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Franklin Center for Innovation Inc reported income of $124k and spending of $129k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $124k (-4.4%), an average of -4.4% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Center for Innovation Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Bright Land Funding ($124k), Dixie Escalante Kite Festival ($124k) and The Elijah Interfaith Institute USA Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. At year end it held assets of $12k against liabilities of $5,644, net assets of $6,251.