The Benjamin Franklin Educational Foundation Inc

Analysis

The Benjamin Franklin Educational Foundation Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Benjamin Franklin Educational Foundation Inc reported income of $1.5m and spending of $2.3m, spending 148% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.5m (-33%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Benjamin Franklin Educational Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Pathnorth Inc ($1.5m), Crescent City Schools Foundation Inc ($1.5m) and Khalsa Montessori Elementary School ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 60% of the total. At year end it held assets of $1,610 against liabilities of $0, net assets of $1,610.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.