Franklin Education Foundation

Analysis

Franklin Education Foundation is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in August 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 December 2023, Franklin Education Foundation reported income of $385k and spending of $220k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $385k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 71% 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 sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Careers Clic ($385k), Collierville High Pom Inc ($385k) and Su Casa de Esperanza Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $525k against liabilities of $224k, net assets of $301k.