Franklin-Simpson Educational Excellence Foundation

Analysis

Franklin-Simpson Educational Excellence Foundation is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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-Simpson Educational Excellence Foundation reported income of $160k and spending of $266k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $160k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin-Simpson Educational Excellence Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include St Andrews Society of North Carolina Inc ($160k), Volunteer Firemen of Rarden Fire Department Inc ($160k) and Single Socks Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.2m against liabilities of $2,537, net assets of $1.2m. It reported 2 employees.