Franklin Township Education Foundation Inc

Analysis

Franklin Township Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklin Township Education Foundation Inc reported income of $142k and spending of $118k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $142k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Township Education Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Bright Futures Foundation ($142k), Hardwood Enrichment Club Inc ($142k) and Miss Rodeo America Scholarship Foundation Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $35k (29% of expenses). At year end it held assets of $1.1m against liabilities of $6,167, net assets of $1.1m. It reported 2 employees.