Franklinton Prep High School

Analysis

Franklinton Prep High School is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2021, 5 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, Franklinton Prep High School reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.6m to $2.7m (+73%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklinton Prep High School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Dudley E Chambers Foundation ($2.7m), Schoolcraft College Foundation ($2.7m) and Covenant Christian Academy ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $883k. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$590k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.