Elmwood Franklin School Inc

Analysis

Elmwood Franklin School Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elmwood Franklin School Inc reported income of $13.8m and spending of $8.3m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $13.8m (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elmwood Franklin School Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include California Virtual Academy-San ($13.8m), Children First Inc ($13.8m) and Cedar Tree Academy Public Charter School ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $345k (4.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $16.9m against liabilities of $2.5m, net assets of $14.4m. It reported 137 employees.