Frankie Lemmon School and Developmental Center Inc

Analysis

Frankie Lemmon School and Developmental Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1967, 59 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, Frankie Lemmon School and Developmental Center Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankie Lemmon School and Developmental Center Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Genesis Christian Academy Inc ($2.7m), Woodward Hines Education Foundation ($2.7m) and Touchstone Services Incorporated ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $111k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.4m against liabilities of $3.3m, net assets of $1.1m. It reported 47 employees.