Franklin Road Academy Inc

Analysis

Franklin Road Academy Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1983, 43 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 Road Academy Inc reported income of $41.0m and spending of $29.1m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.8m to $41.0m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Road Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Newman University Inc ($41.0m), Wildwood School Inc ($41.0m) and Trustees of Westminster School Inc ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $879k (3.0% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $68.3m against liabilities of $11.0m, net assets of $57.2m. It reported 377 employees.