Franklin Towne Charter Elementary School

Analysis

Franklin Towne Charter Elementary School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 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, Franklin Towne Charter Elementary School reported income of $18.5m and spending of $9.3m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $18.5m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Towne Charter Elementary School sits at the 96th 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 96th percentile within PA. Charities of a similar size with the same main cause include Plaza de LA Raza Child Development Services Inc ($18.5m), Crane School ($18.5m) and Nansemond-Suffolk Academy Association Incorporated ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $540k (5.8% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $27.5m against liabilities of $11.0m, net assets of $16.4m. It reported 142 employees.