Franklin Center
Franklin Center experiences recent operational deficit despite substantial asset growth and consistent revenue.
EIN: 161671503 · Golden Valley, MN · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $7.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $7.2 |
| Net Assets | $15.9M |
| Transparency Score | 75/100 |
Is Franklin Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Center
Franklin Center (EIN: 161671503) is a nonprofit organization based in Golden Valley, MN, classified under NTEE code B24. The organization reported total revenue of $8.8M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Center is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-571,788 |
| Total Assets | $18.9M |
| Total Liabilities | $3.0M |
| Net Assets | $15.9M |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 28.8 months |
Financial Health Grade: B
In 2024, Franklin Center reported a deficit of $572K with expenses exceeding revenue, holds 28.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Franklin Center's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.7% | +23.3% | +6.6% |
| 2023 | -26.0% | +22.4% | -17.2% |
| 2022 | -1.1% | +34.9% | +105.9% |
| 2021 | +236.7% | +24.8% | +334.5% |
| 2020 | +4.4% | +24.4% | +25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Center with a Mission Score of 75 out of 100 (Good). 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 Center 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $572K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported under a different category, requiring further investigation for a complete understanding of executive pay relative to the organization's size and $7.2 million in annual expenses.
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.
Red Flags
The following concerns were identified during AI analysis of Franklin Center's IRS 990 filings:
- Expenses exceeding revenue in the latest fiscal period (202407), indicating an operational deficit.
- Significant fluctuations in liabilities over recent years, peaking at over $6 million in 202207.
- Consistent reporting of 0% officer compensation, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Franklin Center:
- Substantial growth in assets over the past decade, reaching $18,919,532 in the latest period.
- Strong revenue generation, with annual revenue consistently in the millions, peaking over $11 million in 2021 and 2022.
- Positive net assets, indicating financial stability despite recent operational deficits.
Frequently Asked Questions about Franklin Center
Is Franklin Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Center (EIN: 161671503) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Franklin Center spend its money?
Franklin Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Center tax-deductible?
Franklin Center is registered as a tax-exempt nonprofit (EIN: 161671503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Franklin Center CEO make?
Franklin Center's highest-compensated officer earns $7.2 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Franklin Center's spending goes to programs?
Franklin Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Franklin Center compare to similar nonprofits?
With a transparency score of 75/100 (Good), Franklin Center is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin Center located?
Franklin Center is headquartered in Golden Valley, Minnesota and files with the IRS under EIN 161671503. It is classified under NTEE code B24.
How many years of IRS 990 filings does Franklin Center have?
Franklin Center has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.8M in total revenue.
Is Franklin Center experiencing a sustainable financial model given recent deficits?
In the latest filing (202407), expenses ($7,850,824) exceeded revenue ($7,279,036), indicating an operational deficit. This trend, if continued, could impact long-term sustainability, despite substantial assets.
What is the reason for the 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could mean that officers are unpaid, or their compensation is categorized differently on the 990, warranting further inquiry.
How does the organization plan to address the recent increase in liabilities?
Liabilities have fluctuated significantly, from $1,028,249 in 202107 to $6,222,528 in 202207, and then down to $2,966,053 in 202407. Understanding the nature of these liabilities and the strategy for managing them is crucial.
Filing History
IRS 990 filing history for Franklin Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Franklin Center's revenue has grown by 1659.4%, moving from $414K to $7.3M. Total assets increased by 36301% over the same period, from $52K to $18.9M. Total functional expenses rose by 1754.2%, from $423K to $7.9M. In its most recent filing year (2024), Franklin Center reported a deficit of $572K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $18.9M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $15.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.3M | $7.9M | $18.9M | $3.0M | — | View 990 |
| 2023 | $8.2M | $6.4M | $17.7M | $1.3M | — | View 990 |
| 2022 | $11.0M | $5.2M | $21.4M | $6.2M | — | View 990 |
| 2021 | $11.1M | $3.9M | $10.4M | $1.0M | — | View 990 |
| 2020 | $3.3M | $3.1M | $2.4M | $1.1M | — | View 990 |
| 2019 | $3.2M | $2.5M | $1.9M | $833K | — | View 990 |
| 2018 | $2.2M | $2.1M | $1.0M | $622K | — | View 990 |
| 2017 | $2.0M | $1.9M | $812K | $478K | — | View 990 |
| 2016 | $1.3M | $1.3M | $697K | $457K | — | View 990 |
| 2015 | $1.1M | $1.0M | $541K | $387K | — | View 990 |
| 2014 | $809K | $762K | $337K | $247K | — | View 990 |
| 2013 | $533K | $517K | $248K | $203K | — | View 990 |
| 2012 | $441K | $410K | $92K | $62K | — | View 990 |
| 2011 | $414K | $423K | $52K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.3M, expenses of $7.9M, and assets of $18.9M (revenue -10.7% year-over-year).
- 2023: Revenue of $8.2M, expenses of $6.4M, and assets of $17.7M (revenue -26.0% year-over-year).
- 2022: Revenue of $11.0M, expenses of $5.2M, and assets of $21.4M (revenue -1.1% year-over-year).
- 2021: Revenue of $11.1M, expenses of $3.9M, and assets of $10.4M (revenue +236.7% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.1M, and assets of $2.4M (revenue +4.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.5M, and assets of $1.9M (revenue +44.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $1.0M (revenue +12.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $812K (revenue +45.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $697K (revenue +23.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $541K (revenue +34.1% year-over-year).
- 2014: Revenue of $809K, expenses of $762K, and assets of $337K (revenue +51.9% year-over-year).
- 2013: Revenue of $533K, expenses of $517K, and assets of $248K (revenue +20.9% year-over-year).
- 2012: Revenue of $441K, expenses of $410K, and assets of $92K (revenue +6.5% year-over-year).
- 2011: Revenue of $414K, expenses of $423K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Center:
Data Sources and Methodology
This transparency report for Franklin Center 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.