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.