Franklin & Marshall College

Analysis

Franklin & Marshall College is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in December 1934, 92 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, Franklin & Marshall College reported income of $187.0m and spending of $189.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $209.0m to $187.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin & Marshall College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include St Francis College ($186.9m), Donorschoose Org ($187.3m) and Trustees of Phillips Academy ($186.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $3.4m (1.8% of expenses). Other salaries and wages came to $50.3m. At year end it held assets of $822.9m against liabilities of $200.0m, net assets of $622.9m. It reported 2,183 employees.