Franklin Force Foundation

Analysis

Franklin Force Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Franklin Force Foundation reported income of $985k and spending of $412k, leaving 58% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $285k to $985k (+246%), an average of +246% a year. The sharpest change came in the year to July 2023, when income rose by 246%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Force Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Cross Roads Pre-School Ltd ($985k), Northwest Indian College Foundation ($985k) and Aggie Athletic Foundation of North Carolina A&t State Universit ($985k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m.