Franklin Academy Foundation Inc

Analysis

Franklin Academy Foundation Inc is a registered charity in United States, based in SW Ranches, FL. It received its IRS tax-exemption ruling in September 2014, 12 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 2024, Franklin Academy Foundation Inc reported income of $117.7m and spending of $99.7m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $68.0m to $117.7m (+73%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 392%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Academy Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Chatham University ($117.4m), Mount Saint Marys University ($117.8m) and Kipp New Orleans Inc ($117.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $225k (0.2% of expenses). Other salaries and wages came to $46.6m. At year end it held assets of $214.4m against liabilities of $196.5m, net assets of $17.9m. It reported 1,067 employees.