Franklin Classical School
EIN: 621637576 · Franklin, TN · NTEE: B20Z
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.7M |
| Net Assets | $1.5M |
Is Franklin Classical School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franklin Classical School
Franklin Classical School (EIN: 621637576) is a nonprofit organization based in Franklin, TN, classified under NTEE code B20Z. The organization reported total revenue of $3.5M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Classical School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Classical School is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$417K |
| Total Assets | $2.3M |
| Total Liabilities | $861K |
| Net Assets | $1.5M |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 36.8% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2023, Franklin Classical School reported a surplus of $417K with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 36.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Franklin Classical School's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | +4.8% | +5.7% |
| 2022 | +46.0% | +18.3% | +98.5% |
| 2021 | +7.0% | +24.3% | +149.5% |
| 2020 | +16.7% | -6.4% | +84.0% |
| 2019 | +10.9% | +4.1% | +88.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Franklin Classical School 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 Classical School 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $417K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.8%.
Frequently Asked Questions about Franklin Classical School
Is Franklin Classical School a legitimate charity?
Franklin Classical School (EIN: 621637576) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. Financial health grade: A.
How does Franklin Classical School spend its money?
Franklin Classical School reported $3.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Franklin Classical School tax-deductible?
Franklin Classical School is registered as a tax-exempt nonprofit (EIN: 621637576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Franklin Classical School located?
Franklin Classical School is headquartered in Franklin, Tennessee and files with the IRS under EIN 621637576. It is classified under NTEE code B20Z.
How many years of IRS 990 filings does Franklin Classical School have?
Franklin Classical School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Filing History
IRS 990 filing history for Franklin Classical School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklin Classical School's revenue has grown by 137.1%, moving from $1.3M to $3.1M. Total assets increased by 1853.3% over the same period, from $120K to $2.3M. Total functional expenses rose by 113.3%, from $1.3M to $2.7M. In its most recent filing year (2023), Franklin Classical School reported a surplus of $417K, with revenue exceeding expenses. The organization holds $861K in liabilities against $2.3M in assets (debt-to-asset ratio: 36.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.7M | $2.3M | $861K | — | — |
| 2022 | $3.5M | $2.6M | $2.2M | $1.1M | — | View 990 |
| 2021 | $2.4M | $2.2M | $1.1M | $919K | — | — |
| 2020 | $2.3M | $1.8M | $447K | $473K | — | View 990 |
| 2019 | $1.9M | $1.9M | $243K | $696K | — | View 990 |
| 2018 | $1.8M | $1.8M | $129K | $646K | — | View 990 |
| 2017 | $1.5M | $1.6M | $168K | $633K | — | View 990 |
| 2016 | $1.3M | $1.4M | $145K | $524K | — | View 990 |
| 2015 | $1.3M | $1.3M | $109K | $328K | — | View 990 |
| 2014 | $1.5M | $1.4M | $116K | $360K | — | View 990 |
| 2013 | $1.4M | $1.4M | $157K | $454K | — | View 990 |
| 2012 | $1.4M | $1.5M | $43K | $349K | — | View 990 |
| 2011 | $1.3M | $1.3M | $120K | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.7M, and assets of $2.3M (revenue -11.7% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.6M, and assets of $2.2M (revenue +46.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.2M, and assets of $1.1M (revenue +7.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $447K (revenue +16.7% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $243K (revenue +10.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $129K (revenue +14.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $168K (revenue +19.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $145K (revenue -3.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $109K (revenue -10.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $116K (revenue +3.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $157K (revenue +2.9% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $43K (revenue +4.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Classical School:
Data Sources and Methodology
This transparency report for Franklin Classical School 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.