Franklin Academy Incorporated

Analysis

Franklin Academy Incorporated is a registered charity in United States, based in Winnsboro, LA. It received its IRS tax-exemption ruling in February 2007, 19 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 July 2024, Franklin Academy Incorporated reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.2m to $1.3m (+3.6%), an average of +0.9% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Academy Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Poudre School District Foundation Inc ($1.3m), Highlands Christian School ($1.3m) and North Tampa Christian Academy Explorers Inc ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $26k (2.1% of expenses). Other salaries and wages came to $758k. At year end it held assets of $1.3m against liabilities of $382k, net assets of $937k. It reported 52 employees.