Franklin Switzerland Inc

Analysis

Franklin Switzerland Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1971, 55 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 Switzerland Inc reported income of $26.2m and spending of $25.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.1m to $26.2m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Switzerland Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Regenstrief Institute Inc ($26.2m), Coker University ($26.3m) and Oxbridge Academy Foundation Inc ($26.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.0m (4.0% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $58.1m against liabilities of $46.4m, net assets of $11.7m. It reported 10 employees.