Franks Family Foundation
Franks Family Foundation consistently spends more than it earns, drawing from its asset base.
EIN: 208118710 · Salt Lake Cty, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $259K |
| Total Expenses | $269K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $381,180 |
| Net Assets | $611K |
| Transparency Score | 85/100 |
Is Franks Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franks Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franks Family Foundation
Franks Family Foundation (EIN: 208118710) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T20. The organization reported total revenue of $259K and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franks Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franks Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 36.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $269K |
| Surplus / Deficit | $-20,787 |
| Total Assets | $611K |
| Total Liabilities | $1 |
| Net Assets | $611K |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 27.2 months |
Financial Health Grade: B
In 2023, Franks Family Foundation reported a deficit of $21K with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Franks Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 36.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.7% | +41.7% | -3.3% |
| 2022 | -3.2% | +29.2% | -7.1% |
| 2021 | -11.9% | -34.3% | -0.1% |
| 2020 | +368.8% | +63.9% | -7.8% |
| 2019 | -18.0% | +197.3% | +94.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Franks Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Franks Family Foundation 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that no officers or key employees are drawing salaries from the foundation, which is highly commendable for an organization of its size with assets ranging from $381,180 to $739,340.
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 Franks Family Foundation's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue (e.g., $269,384 expenses vs. $248,597 revenue in 2023).
- Declining asset base over recent years, from $739,340 in 2019 to $562,685 currently, potentially due to deficit spending.
Strengths
The following positive indicators were identified for Franks Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Extremely low liabilities ($1 across all periods), demonstrating strong financial management and no significant debt.
- Consistent filing history (10 filings), indicating good transparency and compliance with IRS regulations.
- Stable asset base, despite recent declines, providing a foundation for future operations.
Frequently Asked Questions about Franks Family Foundation
Is Franks Family Foundation a legitimate charity?
Franks Family Foundation (EIN: 208118710) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $259K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Franks Family Foundation spend its money?
Franks Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Franks Family Foundation tax-deductible?
Franks Family Foundation is registered as a tax-exempt nonprofit (EIN: 208118710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Franks Family Foundation CEO make?
Franks Family Foundation's highest-compensated officer earns $381,180 annually. The organization reported $259K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Franks Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Franks Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franks Family Foundation located?
Franks Family Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 208118710. It is classified under NTEE code T20.
How many years of IRS 990 filings does Franks Family Foundation have?
Franks Family Foundation has 10 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 $259K in total revenue.
How does the Franks Family Foundation cover its consistent operational deficits?
The foundation appears to cover its operational deficits by drawing from its existing asset base, as expenses have frequently exceeded revenue in most reported periods (e.g., $269,384 expenses vs. $248,597 revenue in 2023), while assets have generally decreased over time from a high of $739,340 in 2019 to $562,685 currently.
What is the primary source of the foundation's revenue given its fluctuations?
The significant fluctuations in revenue, from $6,023 in 2011 to $248,597 in 2023, suggest that the foundation's revenue may be heavily reliant on variable contributions, investment returns, or specific grant cycles rather than a consistent, predictable income stream.
What specific programs does the Franks Family Foundation support?
Based on the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation likely supports other charitable organizations through grants. However, the provided IRS 990 data does not detail the specific programs or beneficiaries of these grants.
Filing History
IRS 990 filing history for Franks Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Franks Family Foundation's revenue has grown by 4027.5%, moving from $6K to $249K. Total assets increased by 24% over the same period, from $493K to $611K. Total functional expenses rose by 567.8%, from $40K to $269K. In its most recent filing year (2023), Franks Family Foundation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $611K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $611K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $249K | $269K | $611K | $1 | — | — |
| 2022 | $142K | $190K | $632K | $1 | — | View 990 |
| 2021 | $146K | $147K | $681K | $1 | — | View 990 |
| 2020 | $166K | $224K | $681K | $1 | — | — |
| 2019 | $35K | $137K | $739K | $1 | — | View 990 |
| 2015 | $43K | $46K | $381K | $1 | — | View 990 |
| 2014 | $19K | $58K | $384K | $1 | — | View 990 |
| 2013 | $16K | $54K | $423K | $1 | — | View 990 |
| 2012 | $13K | $47K | $461K | $1 | — | View 990 |
| 2011 | $6K | $40K | $493K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $249K, expenses of $269K, and assets of $611K (revenue +75.7% year-over-year).
- 2022: Revenue of $142K, expenses of $190K, and assets of $632K (revenue -3.2% year-over-year).
- 2021: Revenue of $146K, expenses of $147K, and assets of $681K (revenue -11.9% year-over-year).
- 2020: Revenue of $166K, expenses of $224K, and assets of $681K (revenue +368.8% year-over-year).
- 2019: Revenue of $35K, expenses of $137K, and assets of $739K (revenue -18.0% year-over-year).
- 2015: Revenue of $43K, expenses of $46K, and assets of $381K (revenue +124.0% year-over-year).
- 2014: Revenue of $19K, expenses of $58K, and assets of $384K (revenue +22.9% year-over-year).
- 2013: Revenue of $16K, expenses of $54K, and assets of $423K (revenue +23.9% year-over-year).
- 2012: Revenue of $13K, expenses of $47K, and assets of $461K (revenue +110.3% year-over-year).
- 2011: Revenue of $6K, expenses of $40K, and assets of $493K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franks Family Foundation:
Data Sources and Methodology
This transparency report for Franks Family Foundation 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.