Franklin Tomorrow Inc

Analysis

Franklin Tomorrow Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Tomorrow Inc reported income of $312k and spending of $299k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $312k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Tomorrow Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Metropolitan Bridgeport Inc ($312k), Minnesota Social Impact Center ($312k) and East Valley Institute of Technology Education Foundation Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $54k. At year end it held assets of $330k against liabilities of $98k, net assets of $232k. It reported 2 employees.