Battle of Franklin Trust Inc

Analysis

Battle of Franklin Trust Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Battle of Franklin Trust Inc reported income of $2.7m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.7m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Battle of Franklin Trust Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Aip Foundation ($2.7m), Boston Baroque Inc ($2.7m) and American Inns of Court Foundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $142k (7.5% of expenses). Other salaries and wages came to $839k. At year end it held assets of $8.1m against liabilities of $42k, net assets of $8.1m. It reported 46 employees.