Franklin Academy Incorporated

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Franklin Academy Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals

Franklin Academy Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Franklin Academy Incorporated in one place.

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Franklin Academy Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.

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About Franklin Academy Incorporated

Franklin Academy Incorporated (EIN: 720691938) is a nonprofit organization based in Winnsboro, LA, classified under NTEE code B20. The organization reported total revenue of $1.5M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Academy Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Franklin Academy Incorporated is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.6%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Franklin Academy Incorporated reported a surplus of $14K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).

Financial Trends

Over 13 years of filings (2012–2024), Franklin Academy Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Analysis Pending

AI enrichment for Franklin Academy Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Franklin Academy Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $14K, with revenue exceeding expenses.
• Debt-to-asset ratio: 29.0%.

Frequently Asked Questions about Franklin Academy Incorporated

Filing History

IRS 990 filing history for Franklin Academy Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Franklin Academy Incorporated's revenue has grown by 36.7%, moving from $928K to $1.3M. Total assets increased by 404% over the same period, from $262K to $1.3M. Total functional expenses rose by 42.9%, from $879K to $1.3M. In its most recent filing year (2024), Franklin Academy Incorporated reported a surplus of $14K, with revenue exceeding expenses. The organization holds $382K in liabilities against $1.3M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $937K.

Year-by-Year Financial Summary

• 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue +4.7% year-over-year).
• 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +2.3% year-over-year).
• 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue -2.9% year-over-year).
• 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $959K (revenue -0.4% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $828K (revenue +9.7% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $699K (revenue -0.2% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $770K (revenue -8.4% year-over-year).
• 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $906K (revenue -3.8% year-over-year).
• 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $856K (revenue +6.2% year-over-year).
• 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $545K (revenue +19.5% year-over-year).
• 2014: Revenue of $1.0M, expenses of $938K, and assets of $389K (revenue +4.3% year-over-year).
• 2013: Revenue of $959K, expenses of $894K, and assets of $327K (revenue +3.3% year-over-year).
• 2012: Revenue of $928K, expenses of $879K, and assets of $262K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Franklin Academy Incorporated:

Data Sources and Methodology

This transparency report for Franklin Academy Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.