Franke Tobey Jones

Analysis

Franke Tobey Jones is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 2003, 23 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, Franke Tobey Jones reported income of $19.4m and spending of $20.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $19.4m (+42%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franke Tobey Jones sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Living Cities Inc the National Community Development Initiative ($19.4m), Childrens Learning Centers of Fairfield County Inc ($19.4m) and Baby Fold ($19.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $432k (2.1% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $53.2m against liabilities of $29.5m, net assets of $23.8m. It reported 260 employees.