Friends of Franklin Avenue School Inc

Analysis

Friends of Franklin Avenue School Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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 July 2024, Friends of Franklin Avenue School Inc reported income of $417k and spending of $439k, spending 105% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $355k to $417k (+17%), an average of +4.1% a year. The sharpest change came in the year to July 2021, when income dropped by 38%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Franklin Avenue School Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Bethlehem Soccer Club Inc ($417k), Greater East Canton Community ($417k) and Estes Valley Library Friends & Foundation ($417k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.