Benjamin Franklin Academy Inc

Analysis

Benjamin Franklin Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1989, 37 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 May 2023, Benjamin Franklin Academy Inc reported income of $4.6m and spending of $4.0m, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.9m to $4.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to May 2022, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benjamin Franklin Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Pioneer Institute Inc ($4.5m), Mountain Sunrise Academy Inc ($4.6m) and Nevada Rise Academy Inc ($4.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $126k (3.1% of expenses). Other salaries and wages came to $2.0m. It paid $141k in professional fundraising fees. At year end it held assets of $16.4m against liabilities of $44k, net assets of $16.4m. It reported 39 employees.