Franklin E & Martha Covington King Memoria Tr
Only null% goes to programs Strong reserves Declining revenue
Franklin E & Martha Covington King Memoria Tr is a 501(c)(3) organization based in Greenwood, South Carolina, registered in 2019, with $30,186 in FY2024 revenue. CharityIndex grades it C+.
320 Stanley Ave, Greenwood, SC, 29649 EIN 58-6347523 Since 2019
Revenue (FY2024)
$30K
▲ 75.2% vs prior year
Education median: $200K
Expenses (FY2024)
$7,230
Net assets
$305K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Franklin E & Martha Covington King Memoria Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating506 mo reserves · +76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Franklin E & Martha Covington King Memoria Tr: 506 mo reserves · +76% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Franklin E & Martha Covington King Memoria Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Franklin E & Martha Covington King Memoria Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 320 Stanley Ave, Greenwood, SC, 29649
- City
- Greenwood
- State
- South Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $28K (FY2013) to $30K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $305K
Operating margin
76.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$305K
Total liabilities
$0
Net assets
$305K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $30,186▲75.2% | $7,230▼68.9% | $304,787▲2.3% | $304,787▲2.3% | 990PF |
| 2023 | $17,229▲104% | $23,279▼9.7% | $297,933▼1.9% | $297,933▼1.9% | 990PF |
| 2022 | $8,442▼78.5% | $25,786▼29.2% | $303,814▼5.4% | $303,814▼5.4% | 990PF |
| 2021 | $39,216▼29.1% | $36,414▲44.8% | $321,158▲0.9% | $321,158▲0.9% | 990PF |
| 2020 | $55,292▲200% | $25,142▼3.6% | $318,356▲10.5% | $318,356▲10.5% | 990PF |
| 2019 | $18,407▲20.8% | $26,082▼1.9% | $288,206▼2.7% | $288,206▼8.2% | 990PF |
| 2018 | $15,239▼41.0% | $26,591▲5.0% | $296,103▼3.7% | $313,900▼3.5% | 990PF |
| 2017 | $25,845▲22.3% | $25,315▼43.3% | $307,455▲0.2% | $325,129▲5.9% | 990PF |
| 2016 | $21,131▼49.1% | $44,661▲73.9% | $306,925▼7.1% | $306,925▼7.1% | 990PF |
| 2015 | $41,544▲313% | $25,678▲209% | $330,455▲5.0% | $330,455▲5.0% | 990PF |
| 2014 | $10,069▼63.6% | $8,312▼66.0% | $314,589▲0.6% | $314,589▲0.6% | 990PF |
| 2013 | $27,692 | $24,444▲0.9% | $312,832▲1.0% | $312,832▲1.0% | 990PF |
| 2012 | — | $24,232▲2.6% | $309,584▼0.9% | $309,584▼0.9% | 990PF |
| 2011 | — | $23,614 | $312,267 | $312,267 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Franklin E & Martha Covington King Memoria Tr a legitimate nonprofit?
- Yes. Franklin E & Martha Covington King Memoria Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-6347523, based in Greenwood, South Carolina. Donations are tax-deductible.
- What is Franklin E & Martha Covington King Memoria Tr's EIN?
- Franklin E & Martha Covington King Memoria Tr's Employer Identification Number (EIN) is 58-6347523.
- How much revenue does Franklin E & Martha Covington King Memoria Tr report?
- Franklin E & Martha Covington King Memoria Tr reported $30,186 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Franklin E & Martha Covington King Memoria Tr have?
- CharityIndex grades Franklin E & Martha Covington King Memoria Tr C+, based on financial health (reserves and operating margin).
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Data for Franklin E & Martha Covington King Memoria Tr (EIN 58-6347523) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.