Franklin Vanguard

Analysis

Franklin Vanguard is a registered charity in United States, based in Nolensville, TN. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Franklin Vanguard reported income of $1.1m and spending of $1.4m, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $569k to $1.1m (+86%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 331%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Franklin Vanguard sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Camp Ozark Foundation Inc ($1.1m), Downcity Design ($1.1m) and Boys to Men Mentoring Network Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Other salaries and wages came to $66k. At year end it held assets of $1.0m against liabilities of $416k, net assets of $633k. It reported 1 employees.