Frankie Lemmon Foundation Inc

Analysis

Frankie Lemmon Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2026. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Frankie Lemmon Foundation Inc reported income of $3.3m and spending of $2.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.3m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankie Lemmon Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Eanes Education Foundation ($3.3m), Child Development Services of Fremont County ($3.3m) and Atlanta Youth Academies Foundation Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $258k (9.5% of expenses). Other salaries and wages came to $259k. At year end it held assets of $7.7m against liabilities of $191k, net assets of $7.5m. It reported 8 employees.