Franklin Discovery Academy - Vineyard

Analysis

Franklin Discovery Academy - Vineyard is a registered charity in United States, based in Vineyard, UT. It received its IRS tax-exemption ruling in October 2017, 9 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 Discovery Academy - Vineyard reported income of $6.8m and spending of $6.7m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $6.8m (+52%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Discovery Academy - Vineyard sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Learn DC Public Charter School ($6.8m), The Harmony Project ($6.8m) and Dutton Christian School ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $13.9m against liabilities of $13.3m, net assets of $570k. It reported 244 employees.