Franklin-simpson Chamber of Commerce Inc
501(c)(6)
Only null% goes to programs Strong reserves
Franklin-simpson Chamber of Commerce Inc is a 501(c)(6) organization based in Franklin, Kentucky, registered in 1967, with $188,372 in FY2023 revenue. CharityIndex grades it C.
Po Box 513, Franklin, KY, 42135 EIN 61-0661855 Since 1967
Revenue (FY2023)
$188K
▼ 4.3% vs prior year
Expenses (FY2023)
$212K
Net assets
$109K
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-simpson Chamber of Commerce Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating6 mo reserves · -13% 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-simpson Chamber of Commerce Inc: 6 mo reserves · -13% margin earns a C+ 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-simpson Chamber of Commerce Inc— 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-simpson Chamber of Commerce Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $158K (FY2014) to $188K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4,308Net assets $109K
Operating margin
-12.8%
Spent more than it raised in the latest fiscal year.
Total assets
$113K
Total liabilities
$4,308
Net assets
$109K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $188,372▼4.3% | $212,422▲13.1% | $109,154▼18.1% | $113,462▼17.5% | 990 |
| 2022 | $196,896▲14.0% | $187,861▲8.9% | $133,204▲7.3% | $137,499▲7.0% | 990 |
| 2021 | $172,747▼6.2% | $172,457▲4.0% | $124,169▲20.3% | $128,481▲19.6% | 990EZ |
| 2020 | $184,258▲3.2% | $165,853▼0.2% | $103,179▲21.7% | $107,455▲20.6% | 990EZ |
| 2019 | $178,541▲5.4% | $166,171▲3.9% | $84,774▲17.1% | $89,066▲17.4% | 990EZ |
| 2018 | $169,394▲4.8% | $159,984▼1.9% | $72,404▲14.9% | $75,894▲13.9% | 990EZ |
| 2017 | $161,631▲1.1% | $163,019▼2.0% | $62,994▼2.2% | $66,625▼2.0% | 990EZ |
| 2016 | $159,859▼2.4% | $166,428▲5.1% | $64,382▼9.3% | $68,011▼9.2% | 990EZ |
| 2015 | $163,794▲3.7% | $158,309▼3.6% | $70,951▲8.4% | $74,885▲8.3% | 990EZ |
| 2014 | $158,026 | $164,258 | $65,466 | $69,120 | 990EZ |
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.
Frequently asked questions
- Is Franklin-simpson Chamber of Commerce Inc a legitimate nonprofit?
- Yes. Franklin-simpson Chamber of Commerce Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-0661855, based in Franklin, Kentucky.
- What is Franklin-simpson Chamber of Commerce Inc's EIN?
- Franklin-simpson Chamber of Commerce Inc's Employer Identification Number (EIN) is 61-0661855.
- How much revenue does Franklin-simpson Chamber of Commerce Inc report?
- Franklin-simpson Chamber of Commerce Inc reported $188,372 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Franklin-simpson Chamber of Commerce Inc have?
- CharityIndex grades Franklin-simpson Chamber of Commerce Inc C, based on financial health (reserves and operating margin).
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Data for Franklin-simpson Chamber of Commerce Inc (EIN 61-0661855) 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.