Franklin Lakes Board of Education Foundation Inc

Analysis

Franklin Lakes Board of Education Foundation Inc is a registered charity in United States, based in Franklin LKS, NJ. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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, Franklin Lakes Board of Education Foundation Inc reported income of $181k and spending of $205k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $181k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Lakes Board of Education Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include West Lake Road Fire Association Inc ($181k), LCS Housing Development Fund Company Inc ($181k) and Colorado Veterans Support Inc ($181k).

At year end it held assets of $215k against liabilities of $1,509, net assets of $214k.