Franklin Classical School

Analysis

Franklin Classical School is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in January 1998, 28 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 Classical School reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.1m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Classical School 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 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Woodland Star Charter School ($3.1m), Meridian Academy Inc ($3.1m) and Staten Island Hebrew Public Charter School ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $265k (9.8% of expenses). Other salaries and wages came to $904k. At year end it held assets of $2.3m against liabilities of $861k, net assets of $1.5m. It reported 47 employees.