Quick charity verification for Franklin Home For The Aged Association (EIN: 20202330)
Verdict: Franklin Home For The Aged Association appears trustworthy
75/100Mission Score
$5.7MRevenue
$24.6MAssets
4Red Flags
3Strengths
Red Flags
Expenses exceeding revenue in recent periods (2023 and 2022)
Liabilities ($26,838,614) exceeding assets ($26,649,387) in the latest filing (2023)
Significant fluctuations in annual revenue and expenses
Unusually high asset growth accompanied by a substantial increase in liabilities
Strengths
Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay
Significant growth in assets over the long term, from $2.6M in 2011 to $26.6M in 2023
Long history of IRS 990 filings (10 filings), indicating transparency in reporting
Spending Breakdown
How Franklin Home For The Aged Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Franklin Home For The Aged Association
Is Franklin Home For The Aged Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Home For The Aged Association (EIN: 20202330) appears trustworthy. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
Is Franklin Home For The Aged Association a good charity to donate to?
Franklin Home For The Aged Association has a Mission Score of 75/100. Revenue: $5.7M. Assets: $24.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Franklin Home For The Aged Association?
The Employer Identification Number (EIN) for Franklin Home For The Aged Association is 20202330. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Franklin Home For The Aged Association spend its money?
Franklin Home For The Aged Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Franklin Home For The Aged Association's tax-exempt status?
You can verify Franklin Home For The Aged Association's tax-exempt status using EIN 20202330 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Franklin Home For The Aged Association demonstrates a mixed financial picture. While the organization has consistently reported revenue and expenses over the past decade, recent filings show significant fluctuations. For instance, in 2023, expenses ($5,259,191) substantially exceeded revenue ($3,895,451), leading to a deficit. This trend of expenses exceeding revenue is also observed in 2022. However, the organization reported a surplus in 2021, with revenue of $3,298,443 against expenses of $2,684,996. The organization's assets have grown considerably, from $2,637,940 in 2011 to $26,649,387 in 2023, indicating significant capital investment or asset accumulation, though liabilities have also increased substantially, reaching $26,838,614 in 2023, surpassing assets in that year. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency in that specific area.