Franklin-wright Settlements Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Franklin-wright Settlements Inc is a 501(c)(3) organization based in Detroit, Michigan, registered in 1967, with $5,430,547 in FY2024 revenue. CharityIndex grades it B.
3360 Charlevoix St, Detroit, MI, 48207 EIN 38-1845857 Since 1967
Revenue (FY2024)
$5.4M
▲ 12.1% vs prior year
Expenses (FY2024)
$5.4M
Net assets
$9.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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-wright Settlements Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +1% 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-wright Settlements Inc: 21 mo reserves · +1% margin earns a A 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-wright Settlements Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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-wright Settlements Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.0M (FY2013) to $5.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $247KNet assets $9.5M
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.8M
Total liabilities
$247K
Net assets
$9.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,430,547▲12.1% | $5,384,353▲3.0% | $9,537,132▲3.7% | $9,783,725▲4.6% | 990 |
| 2023 | $4,842,819▲3.6% | $5,229,428▲17.6% | $9,197,443▲2.0% | $9,349,024▼0.1% | 990 |
| 2022 | $4,676,667▲11.6% | $4,445,262▲18.9% | $9,018,229▼5.4% | $9,360,023▼5.6% | 990 |
| 2021 | $4,192,015▲3.5% | $3,738,994▲1.1% | $9,534,299▲5.0% | $9,910,725▲7.1% | 990 |
| 2020 | $4,051,405▲12.3% | $3,699,891▼3.0% | $9,077,346▲6.4% | $9,249,608▲6.5% | 990 |
| 2019 | $3,607,469▼1.9% | $3,812,769▲3.2% | $8,530,538▲4.4% | $8,687,462▲4.9% | 990 |
| 2018 | $3,676,081▲7.1% | $3,693,856▲13.1% | $8,171,106▼5.2% | $8,282,753▼6.0% | 990 |
| 2017 | $3,433,173▼0.2% | $3,266,427▼12.7% | $8,617,769▲7.0% | $8,813,976▲6.2% | 990 |
| 2016 | $3,441,075▲9.6% | $3,740,539▲54.5% | $8,050,564▼0.3% | $8,301,635▼4.2% | 990 |
| 2015 | $3,139,057▲22.7% | $2,421,649▲12.9% | $8,075,289▼5.3% | $8,665,321▼6.3% | 990 |
| 2014 | $2,557,855▲30.0% | $2,145,046▲2.3% | $8,527,268▲6.2% | $9,250,869▲5.0% | 990 |
| 2013 | $1,967,478 | $2,097,138▲18.5% | $8,032,930▲12.4% | $8,807,966▲11.2% | 990 |
| 2012 | — | $1,769,272▲2.2% | $7,146,460▲10.7% | $7,924,029▲10.1% | 990 |
| 2011 | — | $1,730,581▲30.8% | $6,458,542▲0.2% | $7,197,627▲0.2% | 990 |
| 2010 | — | $1,323,138 | $6,447,895 | $7,186,696 | 990 |
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.
Grants received · $5.4M total
27 grants to Franklin-wright Settlements Inc totaling $5.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Southeast Michigan | Youth development | 2024 | $28,000 |
| Forgotten Harvest Inc | Replace freezers and upgrade congregate meal area | 2024 | $13,186 |
| United Way For Southeastern Michigan | Grant | 2023 | $791,662 |
| Detroit Area Agency On Aging | Senior services | 2023 | $88,629 |
| United Way For Southeastern Michigan | Grant | 2022 | $442,231 |
| Detroit Area Agency On Aging | Senior services | 2022 | $132,549 |
| United Way For Southeastern Michigan | Grant | 2021 | $826,714 |
| Detroit Area Agency On Aging | Senior services | 2021 | $35,189 |
| United Way For Southeastern Michigan | Grant | 2020 | $309,625 |
| United Way For Southeastern Michigan | Grant | 2020 | $309,625 |
| Detroit Area Agency On Aging | Senior services | 2020 | $32,740 |
| Detroit Area Agency On Aging | Senior services | 2020 | $32,740 |
| Community Foundation For Southeast Michigan | General operations and supporting mission | 2020 | $20,743 |
| United Way For Southeastern Michigan | Grant | 2019 | $371,632 |
| Detroit Area Agency On Aging | Senior services | 2019 | $23,540 |
Frequently asked questions
- Is Franklin-wright Settlements Inc a legitimate nonprofit?
- Yes. Franklin-wright Settlements Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1845857, based in Detroit, Michigan. Donations are tax-deductible.
- What is Franklin-wright Settlements Inc's EIN?
- Franklin-wright Settlements Inc's Employer Identification Number (EIN) is 38-1845857.
- How much revenue does Franklin-wright Settlements Inc report?
- Franklin-wright Settlements Inc reported $5,430,547 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Franklin-wright Settlements Inc have?
- CharityIndex grades Franklin-wright Settlements Inc B, based on financial health (reserves and operating margin).
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Data for Franklin-wright Settlements Inc (EIN 38-1845857) 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.