Franklin Schools Foundation

Analysis

Franklin Schools Foundation is a registered charity in United States, based in Vineyard, UT. It received its IRS tax-exemption ruling in September 2015, 11 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 Schools Foundation reported income of $447k and spending of $327k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $447k (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Schools Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Peaster Education Foundation ($447k), Alaska State Elks Charitable Trust ($447k) and Harry K Foundation ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $30k (9.1% of expenses). Other salaries and wages came to $199k. At year end it held assets of $12.1m against liabilities of $11.9m, net assets of $150k. It reported 26 employees.