Academic Board of Trustees of Franklin Academy

Analysis

Academic Board of Trustees of Franklin Academy is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in August 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Academic Board of Trustees of Franklin Academy reported income of $64k and spending of $203k, spending 319% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $242k to $64k (-74%), an average of -36% a year. The sharpest change came in the year to April 2021, when income rose by 144%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academic Board of Trustees of Franklin Academy sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Sf-Th Inc ($64k), PTA Georgia Congress ($64k) and East Allegheny Community Council ($64k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.