Franklin Alumni Association & Foundation

Analysis

Franklin Alumni Association & Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Alumni Association & Foundation reported income of $117k and spending of $136k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $117k (+192%), an average of +31% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franklin Alumni Association & Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Do Good Bus ($117k), Fred Smith Company Foundation ($117k) and Friends of the City Market ($116k).

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 $643k against liabilities of $0, net assets of $643k.