Franchise for Good Inc

Analysis

Franchise for Good Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Franchise for Good Inc reported income of $220k and spending of $197k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $200k to $220k (+10%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franchise for Good Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include SCC Community Improvement Corporation ($220k), Raytown Chamber of Commerce Building Foundation ($220k) and Four Corners Action Coalition ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $265, net assets of $68k.