New College Franklin Inc

Analysis

New College Franklin Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in April 2009, 17 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, New College Franklin Inc reported income of $640k and spending of $578k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $351k to $640k (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New College Franklin Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Stepping Stones to Learning ($640k), Common Ground Center Inc ($640k) and Watts of Power Foundation Corp ($640k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $52k (9.0% of expenses). Other salaries and wages came to $276k. At year end it held assets of $212k against liabilities of $8,812, net assets of $203k. It reported 18 employees.