Franklin Business And Industrial Development Corporation
Franklin Business And Industrial Development Corporation shows consistent asset growth and no reported officer compensation over six filing periods.
EIN: 20483868 · Franklin, NH · NTEE: S30 · Updated: 2026-03-28
Is Franklin Business And Industrial Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Business And Industrial Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Business And Industrial Development Corporation
Franklin Business And Industrial Development Corporation (EIN: 20483868) is a nonprofit organization based in Franklin, NH, classified under NTEE code S30. The organization reported total revenue of $57K and total assets of $315K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Business And Industrial Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Business And Industrial Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Franklin Business And Industrial Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No officer compensation has been reported across all six available IRS 990 filings, suggesting a volunteer-led organization or that compensation falls below reporting thresholds, which is highly efficient for an organization with current assets of $314,606.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Franklin Business And Industrial Development Corporation:
- Consistent asset growth, from $45,234 in 2010 to $314,606 currently.
- No reported officer compensation, indicating high efficiency in leadership costs.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Expenses consistently below revenue, showing sound financial management.
Frequently Asked Questions about Franklin Business And Industrial Development Corporation
Is Franklin Business And Industrial Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Business And Industrial Development Corporation (EIN: 20483868) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Franklin Business And Industrial Development Corporation spend its money?
Franklin Business And Industrial Development Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Business And Industrial Development Corporation tax-deductible?
Franklin Business And Industrial Development Corporation is registered as a tax-exempt nonprofit (EIN: 20483868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Franklin Business And Industrial Development Corporation financially stable?
Yes, the organization appears financially stable, consistently operating with revenues exceeding expenses and demonstrating significant asset growth from $45,234 in 2010 to $314,606 currently.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, peaking at $93,256 in 2011 and currently at $56,990, but has generally remained sufficient to cover expenses.
Does the organization pay its officers?
Based on the provided IRS 990 data, no officer compensation has been reported across any of the six filing periods, indicating either a volunteer board or compensation below reporting thresholds.
Filing History
IRS 990 filing history for Franklin Business And Industrial Development Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2016), Franklin Business And Industrial Development Corporation's revenue has declined by 1.1%, moving from $61K to $60K. Total assets increased by 235.5% over the same period, from $45K to $152K. Total functional expenses fell by 6.6%, from $59K to $55K. In its most recent filing year (2016), Franklin Business And Industrial Development Corporation reported a surplus of $5K, with revenue exceeding expenses. The organization holds $56K in liabilities against $152K in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $60K | $55K | $152K | $56K | — | — |
| 2014 | $78K | $56K | $96K | $449 | — | View 990 |
| 2013 | $67K | $55K | $75K | $0 | — | View 990 |
| 2012 | $81K | $47K | $67K | $-41 | — | View 990 |
| 2011 | $93K | $91K | $47K | $703 | — | View 990 |
| 2010 | $61K | $59K | $45K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $60K, expenses of $55K, and assets of $152K (revenue -22.1% year-over-year).
- 2014: Revenue of $78K, expenses of $56K, and assets of $96K (revenue +16.4% year-over-year).
- 2013: Revenue of $67K, expenses of $55K, and assets of $75K (revenue -17.4% year-over-year).
- 2012: Revenue of $81K, expenses of $47K, and assets of $67K (revenue -13.6% year-over-year).
- 2011: Revenue of $93K, expenses of $91K, and assets of $47K (revenue +52.7% year-over-year).
- 2010: Revenue of $61K, expenses of $59K, and assets of $45K.
Data Sources and Methodology
This transparency report for Franklin Business And Industrial Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.