Franklin Academy

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

Franklin Academy has received a 67% score from Charity Navigator, resulting in a Two-Star rating. This rating reflects the organization’s performance in Accountability & Finance, which is an important measure of a nonprofit's financial health and governance practices. The rating indicates that while the organization meets several essential criteria, there are areas for improvement.

The organization scores particularly well in terms of governance, boasting a fully independent board with eight members and no material diversion of assets. Additionally, they document board meeting minutes and maintain a favorable liabilities to assets ratio of 31.82%. The program expense ratio is also impressive at 100%, signifying that all expenses are directed towards their programs.

Despite these strengths, the overall score of 67% suggests that there may be concerns regarding other aspects of their operations, which could include areas not covered in this specific beacon score. Continued efforts to enhance transparency and potentially other financial practices could further improve their ratings in the future.

This AI summary has been generated from information found on Charity Navigator.

Franklin Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $699,758

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