Franklin Covey Care Fund
Franklin Covey Care Fund consistently maintains low expenses and zero liabilities, growing assets steadily.
EIN: 204283790 · Draper, UT · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $9K |
| Program Spending | 90% |
| Net Assets | $538K |
| Transparency Score | 95/100 |
Is Franklin Covey Care Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Covey Care Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Covey Care Fund
Franklin Covey Care Fund (EIN: 204283790) is a nonprofit organization based in Draper, UT, classified under NTEE code P80. The organization reported total revenue of $69K and total assets of $613K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Covey Care Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Covey Care Fund is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $9K |
| Surplus / Deficit | +$51K |
| Total Assets | $538K |
| Net Assets | $538K |
| Operating Margin | 84.8% |
| Months of Reserves | 705.1 months |
Financial Health Grade: A
In 2023, Franklin Covey Care Fund reported a surplus of $51K with revenue exceeding expenses, holds 705.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Franklin Covey Care Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | -84.7% | +10.5% |
| 2022 | -0.7% | +153.6% | +0.9% |
| 2021 | +1.8% | +19.7% | +9.3% |
| 2020 | +2.9% | -55.2% | +11.1% |
| 2019 | +0.8% | +218.1% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Covey Care Fund with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Franklin Covey Care Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Covey Care Fund:
- Consistently low expenses relative to revenue (e.g., $9,157 expenses vs. $60,424 revenue in 2023).
- Zero liabilities reported across all available filings, indicating strong financial stability.
- Steady and significant asset growth from $193,604 in 2014 to $538,028 in 2023.
- 0% officer compensation, demonstrating a strong commitment to directing funds to the mission.
- Consistent revenue stream, averaging $60,000-$65,000 annually.
Frequently Asked Questions about Franklin Covey Care Fund
Is Franklin Covey Care Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Covey Care Fund (EIN: 204283790) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Franklin Covey Care Fund spend its money?
Franklin Covey Care Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Covey Care Fund tax-deductible?
Franklin Covey Care Fund is registered as a tax-exempt nonprofit (EIN: 204283790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Franklin Covey Care Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Franklin Covey Care Fund is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin Covey Care Fund located?
Franklin Covey Care Fund is headquartered in Draper, Utah and files with the IRS under EIN 204283790. It is classified under NTEE code P80.
How many years of IRS 990 filings does Franklin Covey Care Fund have?
Franklin Covey Care Fund has 13 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 $69K in total revenue.
Is Franklin Covey Care Fund a good charity?
Based on the provided financial data, Franklin Covey Care Fund appears to be a very good charity. It consistently maintains low expenses relative to its revenue, has zero liabilities, and has shown steady asset growth. The absence of officer compensation is a strong positive indicator of its commitment to its mission.
How has the organization's financial health changed over the last decade?
Over the last decade, the organization's financial health has significantly improved. Assets have grown from $193,604 in 2014 to $538,028 in 2023, while liabilities have consistently remained at $0. Revenue has been stable, and expenses have generally been well-managed, leading to consistent net positive financial outcomes.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency. For example, in 2023, expenses were only $9,157 against $60,424 in revenue, meaning over 80% of its revenue was not consumed by operational costs. This suggests a very lean operation with a high proportion of funds available for its programs or to build reserves.
Filing History
IRS 990 filing history for Franklin Covey Care Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklin Covey Care Fund's revenue has grown by 84.7%, moving from $33K to $60K. Total assets increased by 288.2% over the same period, from $139K to $538K. Total functional expenses fell by 52.7%, from $19K to $9K. In its most recent filing year (2023), Franklin Covey Care Fund reported a surplus of $51K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $9K | $538K | $0 | — | — |
| 2022 | $64K | $60K | $487K | $0 | — | View 990 |
| 2021 | $65K | $24K | $482K | $0 | — | View 990 |
| 2020 | $64K | $20K | $441K | $0 | — | View 990 |
| 2019 | $62K | $44K | $397K | $0 | — | View 990 |
| 2018 | $61K | $14K | $380K | $0 | — | View 990 |
| 2017 | $56K | $22K | $332K | $0 | — | View 990 |
| 2016 | $61K | $10K | $297K | $0 | — | View 990 |
| 2015 | $65K | $13K | $246K | $0 | — | View 990 |
| 2014 | $49K | $17K | $194K | $0 | — | View 990 |
| 2013 | $46K | $36K | $162K | $0 | — | View 990 |
| 2012 | $36K | $23K | $151K | $0 | — | View 990 |
| 2011 | $33K | $19K | $139K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $9K, and assets of $538K (revenue -6.2% year-over-year).
- 2022: Revenue of $64K, expenses of $60K, and assets of $487K (revenue -0.7% year-over-year).
- 2021: Revenue of $65K, expenses of $24K, and assets of $482K (revenue +1.8% year-over-year).
- 2020: Revenue of $64K, expenses of $20K, and assets of $441K (revenue +2.9% year-over-year).
- 2019: Revenue of $62K, expenses of $44K, and assets of $397K (revenue +0.8% year-over-year).
- 2018: Revenue of $61K, expenses of $14K, and assets of $380K (revenue +8.7% year-over-year).
- 2017: Revenue of $56K, expenses of $22K, and assets of $332K (revenue -7.4% year-over-year).
- 2016: Revenue of $61K, expenses of $10K, and assets of $297K (revenue -6.6% year-over-year).
- 2015: Revenue of $65K, expenses of $13K, and assets of $246K (revenue +33.5% year-over-year).
- 2014: Revenue of $49K, expenses of $17K, and assets of $194K (revenue +6.1% year-over-year).
- 2013: Revenue of $46K, expenses of $36K, and assets of $162K (revenue +28.9% year-over-year).
- 2012: Revenue of $36K, expenses of $23K, and assets of $151K (revenue +9.3% year-over-year).
- 2011: Revenue of $33K, expenses of $19K, and assets of $139K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Covey Care Fund:
Data Sources and Methodology
This transparency report for Franklin Covey Care Fund 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.