Franziska Racker Centers Inc

Franziska Racker Centers Inc consistently maintains financial stability with growing assets and revenues generally exceeding expenses.

EIN: 150581887 · Ithaca, NY · NTEE: P820 · Updated: 2026-03-28

$49.4MRevenue

$27.8MAssets

85/100Mission Score (Excellent)

P820

About Franziska Racker Centers Inc

Franziska Racker Centers Inc (EIN: 150581887) is a nonprofit organization based in Ithaca, NY, classified under NTEE code P820. The organization reported total revenue of $49.4M and total assets of $27.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franziska Racker Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Franziska Racker Centers Inc demonstrates consistent financial health with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $47,558,198 against expenses of $46,451,247, indicating a surplus. The organization's assets have also shown steady growth, reaching $26,938,844 in 2023 from $24,988,233 in 2014, suggesting good financial management and stability. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency.

While specific breakdowns for program, administrative, and fundraising spending are not provided in the summary data, the overall financial picture suggests efficient operations given the consistent surpluses. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, potentially indicating a volunteer-led executive board or that compensation is reported differently within the detailed 990 forms not summarized here. This could be a strength in terms of resource allocation or a point requiring further investigation for full transparency.

Overall, Franziska Racker Centers Inc appears to be a financially stable organization with a history of responsible fiscal management. The growth in revenue and assets, coupled with consistent filing, points to a well-managed and transparent entity, though a deeper dive into the detailed spending categories would provide a more granular view of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Franziska Racker Centers Inc 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: 85%
fundraising: 5%

According to IRS 990 filings, Franziska Racker Centers Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The reported officer compensation across all available filings is 0%, which is highly unusual for an organization of this size with nearly $50 million in annual revenue. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently within the detailed 990 forms, warranting further investigation for complete understanding.

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 Franziska Racker Centers Inc's IRS 990 filings:

Officer compensation reported as 0% for an organization of this size, which may require further clarification from detailed filings.

Strengths

The following positive indicators were identified for Franziska Racker Centers Inc:

Consistent revenue growth, increasing from $32.7M in 2014 to $47.5M in 2023.
Maintained financial surpluses in most years (e.g., $1,106,951 in 2023), indicating fiscal responsibility.
Steady growth in assets from $24.9M in 2014 to $26.9M in 2023, enhancing long-term stability.
Consistent filing of IRS 990 forms over 13 periods, demonstrating transparency.
Low liabilities relative to assets (e.g., $7.1M liabilities vs. $26.9M assets in 2023), indicating a strong balance sheet.

Frequently Asked Questions about Franziska Racker Centers Inc

Is Franziska Racker Centers Inc a good charity?

Based on the provided financial data, Franziska Racker Centers Inc appears to be a financially stable and well-managed organization with consistent revenue growth and asset accumulation. The consistent surpluses (e.g., $1,106,951 in 2023) suggest effective financial management. However, a full assessment would require detailed program spending ratios.

How does Franziska Racker Centers Inc manage its finances?

The organization demonstrates strong financial management, consistently generating revenues that generally exceed expenses (e.g., $47,558,198 revenue vs. $46,451,247 expenses in 2023). Its assets have grown from $24,988,233 in 2014 to $26,938,844 in 2023, indicating prudent financial stewardship and accumulation of resources.

What is the trend in Franziska Racker Centers Inc's revenue and expenses?

Franziska Racker Centers Inc has shown a consistent upward trend in both revenue and expenses over the past decade. Revenue increased from $32,723,890 in 2014 to $47,558,198 in 2023, with expenses generally tracking closely behind, indicating growth in operations and services.

Filing History

IRS 990 filing history for Franziska Racker Centers Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Franziska Racker Centers Inc's revenue has grown by 74.2%, moving from $27.3M to $47.6M. Total assets increased by 14.8% over the same period, from $23.5M to $26.9M. Total functional expenses rose by 75.7%, from $26.4M to $46.5M. In its most recent filing year (2023), Franziska Racker Centers Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $7.2M in liabilities against $26.9M in assets (debt-to-asset ratio: 26.7%), resulting in net assets of $19.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$47.6M	$46.5M	$26.9M	$7.2M	—	View 990
2022	$48.6M	$48.6M	$25.9M	$7.7M	—	View 990
2021	$41.9M	$41.2M	$26.7M	$7.3M	—	View 990
2020	$40.2M	$38.1M	$26.6M	$7.9M	—	View 990
2019	$41.8M	$39.2M	$24.6M	$7.0M	—	View 990
2018	$38.7M	$38.6M	$23.4M	$6.7M	—	View 990
2017	$36.4M	$36.6M	$24.2M	$6.8M	—	View 990
2016	$35.6M	$35.0M	$24.8M	$7.5M	—	View 990
2015	$34.2M	$33.9M	$24.3M	$7.7M	—	View 990
2014	$32.7M	$32.9M	$25.0M	$8.5M	—	View 990
2013	$29.1M	$28.5M	$24.7M	$8.0M	—	View 990
2012	$27.5M	$26.4M	$25.0M	$9.0M	—	View 990
2011	$27.3M	$26.4M	$23.5M	$8.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $47.6M, expenses of $46.5M, and assets of $26.9M (revenue -2.2% year-over-year).
2022: Revenue of $48.6M, expenses of $48.6M, and assets of $25.9M (revenue +15.9% year-over-year).
2021: Revenue of $41.9M, expenses of $41.2M, and assets of $26.7M (revenue +4.3% year-over-year).
2020: Revenue of $40.2M, expenses of $38.1M, and assets of $26.6M (revenue -3.8% year-over-year).
2019: Revenue of $41.8M, expenses of $39.2M, and assets of $24.6M (revenue +8.0% year-over-year).
2018: Revenue of $38.7M, expenses of $38.6M, and assets of $23.4M (revenue +6.4% year-over-year).
2017: Revenue of $36.4M, expenses of $36.6M, and assets of $24.2M (revenue +2.1% year-over-year).
2016: Revenue of $35.6M, expenses of $35.0M, and assets of $24.8M (revenue +4.1% year-over-year).
2015: Revenue of $34.2M, expenses of $33.9M, and assets of $24.3M (revenue +4.6% year-over-year).
2014: Revenue of $32.7M, expenses of $32.9M, and assets of $25.0M (revenue +12.3% year-over-year).
2013: Revenue of $29.1M, expenses of $28.5M, and assets of $24.7M (revenue +6.0% year-over-year).
2012: Revenue of $27.5M, expenses of $26.4M, and assets of $25.0M (revenue +0.7% year-over-year).
2011: Revenue of $27.3M, expenses of $26.4M, and assets of $23.5M.

Data Sources and Methodology

This transparency report for Franziska Racker Centers Inc 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.