Franklin Education Foundation Inc

Analysis

Franklin Education Foundation Inc is a registered charity in United States, based in Eastpoint, FL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Franklin Education Foundation Inc reported income of $76k and spending of $49k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $70k to $76k (+8.2%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Education Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Belize Education Project ($76k), Michigan Council of Teachers of Mathematics ($76k) and Chicago Headline Club Foundation ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $9,562, net assets of $69k.