Franklin Tomorrow Inc
EIN: 621821869 · Franklin, TN · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $449K |
| Total Expenses | $299K |
| Net Assets | $232K |
Is Franklin Tomorrow Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franklin Tomorrow Inc
Franklin Tomorrow Inc (EIN: 621821869) is a nonprofit organization based in Franklin, TN, classified under NTEE code B99. The organization reported total revenue of $449K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Tomorrow Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Tomorrow Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $299K |
| Surplus / Deficit | +$13K |
| Total Assets | $330K |
| Total Liabilities | $98K |
| Net Assets | $232K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Franklin Tomorrow Inc reported a surplus of $13K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Franklin Tomorrow Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | -8.8% | +32.3% |
| 2022 | +10.9% | +22.0% | +29.2% |
| 2021 | +47.5% | +32.4% | -5.4% |
| 2020 | +6.8% | +4.0% | +65.0% |
| 2019 | +4.0% | -2.4% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Franklin Tomorrow Inc 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 Tomorrow Inc 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Frequently Asked Questions about Franklin Tomorrow Inc
Is Franklin Tomorrow Inc a legitimate charity?
Franklin Tomorrow Inc (EIN: 621821869) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $449K. No red flags identified. Financial health grade: A.
How does Franklin Tomorrow Inc spend its money?
Franklin Tomorrow Inc reported $449K 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 Tomorrow Inc tax-deductible?
Franklin Tomorrow Inc is registered as a tax-exempt nonprofit (EIN: 621821869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Franklin Tomorrow Inc located?
Franklin Tomorrow Inc is headquartered in Franklin, Tennessee and files with the IRS under EIN 621821869. It is classified under NTEE code B99.
How many years of IRS 990 filings does Franklin Tomorrow Inc have?
Franklin Tomorrow Inc 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 $449K in total revenue.
Filing History
IRS 990 filing history for Franklin Tomorrow Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklin Tomorrow Inc's revenue has grown by 285.4%, moving from $81K to $312K. Total assets increased by 604.3% over the same period, from $47K to $330K. Total functional expenses rose by 269.9%, from $81K to $299K. In its most recent filing year (2023), Franklin Tomorrow Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $98K in liabilities against $330K in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $232K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $299K | $330K | $98K | — | — |
| 2022 | $356K | $328K | $250K | $31K | — | View 990 |
| 2021 | $321K | $268K | $193K | $3K | — | View 990 |
| 2020 | $217K | $203K | $204K | $66K | — | — |
| 2019 | $204K | $195K | $124K | $0 | — | View 990 |
| 2018 | $196K | $200K | $115K | $0 | — | View 990 |
| 2017 | $266K | $234K | $120K | $278 | — | View 990 |
| 2016 | $240K | $500K | $88K | $278 | — | View 990 |
| 2015 | $883K | $1.1M | $64K | $46K | — | View 990 |
| 2014 | $297K | $202K | $229K | $3K | — | View 990 |
| 2013 | $138K | $110K | $134K | $2K | — | View 990 |
| 2012 | $113K | $121K | $37K | $2K | — | View 990 |
| 2011 | $81K | $81K | $47K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $299K, and assets of $330K (revenue -12.3% year-over-year).
- 2022: Revenue of $356K, expenses of $328K, and assets of $250K (revenue +10.9% year-over-year).
- 2021: Revenue of $321K, expenses of $268K, and assets of $193K (revenue +47.5% year-over-year).
- 2020: Revenue of $217K, expenses of $203K, and assets of $204K (revenue +6.8% year-over-year).
- 2019: Revenue of $204K, expenses of $195K, and assets of $124K (revenue +4.0% year-over-year).
- 2018: Revenue of $196K, expenses of $200K, and assets of $115K (revenue -26.4% year-over-year).
- 2017: Revenue of $266K, expenses of $234K, and assets of $120K (revenue +11.0% year-over-year).
- 2016: Revenue of $240K, expenses of $500K, and assets of $88K (revenue -72.8% year-over-year).
- 2015: Revenue of $883K, expenses of $1.1M, and assets of $64K (revenue +197.4% year-over-year).
- 2014: Revenue of $297K, expenses of $202K, and assets of $229K (revenue +115.0% year-over-year).
- 2013: Revenue of $138K, expenses of $110K, and assets of $134K (revenue +22.3% year-over-year).
- 2012: Revenue of $113K, expenses of $121K, and assets of $37K (revenue +39.5% year-over-year).
- 2011: Revenue of $81K, expenses of $81K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Tomorrow Inc:
Data Sources and Methodology
This transparency report for Franklin Tomorrow Inc 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.