Franklintown Charter High School

Analysis

Franklintown Charter High School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2001, 25 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, Franklintown Charter High School reported income of $23.3m and spending of $17.4m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.3m to $23.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklintown Charter High School sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Miss Halls School Inc ($23.3m), Alta Public Schools ($23.3m) and Voices for Independence ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.1m (6.2% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $50.3m against liabilities of $32.1m, net assets of $18.3m. It reported 182 employees.