Friends of Franklin Elementary

Analysis

Friends of Franklin Elementary is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2016, 10 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 August 2023, Friends of Franklin Elementary reported income of $147k and spending of $53k, leaving 64% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $53k to $147k (+176%), an average of +176% a year. The sharpest change came in the year to August 2023, when income rose by 176%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Franklin Elementary sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Mt Pleasant Christian School ($147k), Foundation for the Womens Energy Network ($147k) and Go Club Foundation NFP ($147k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.