Franklin Christian Academy

Analysis

Franklin Christian Academy is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 2006, 20 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 May 2024, Franklin Christian Academy reported income of $7.7m and spending of $6.7m, spending 86% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.6m to $7.7m (+192%), an average of +24% a year. The sharpest change came in the year to May 2021, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Christian Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Chicago City Day School ($7.7m), Reading League ($7.7m) and Broome Street Academy ($7.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $18.1m against liabilities of $12.7m, net assets of $5.3m. It reported 54 employees.