Franklin Institute
222 N 20th St, Philadelphia, PA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $51,159,403 | $34,570,608 | $200,878,690 |
| FY2023 | $39,597,836 | $31,213,719 | $178,787,579 |
| FY2022 | $36,043,314 | $28,062,151 | $162,301,044 |
| FY2021 | $32,040,912 | $24,980,303 | $170,790,373 |
| FY2020 | $25,055,602 | $26,409,211 | $156,981,027 |
| FY2019 | $47,708,877 | $41,662,901 | $150,700,640 |
| FY2018 | $40,175,651 | $38,959,955 | $135,478,880 |
| FY2017 | $39,038,335 | $39,781,763 | $140,506,505 |
| FY2016 | $38,922,923 | $37,324,038 | $134,545,932 |
| FY2015 | $39,788,885 | $36,736,134 | $130,670,801 |
| FY2014 | $41,701,560 | $33,957,290 | $134,998,336 |
| FY2013 | $35,616,050 | $29,033,090 | $129,494,399 |
| FY2012 | $33,561,665 | $32,032,161 | $115,466,830 |
| FY2011 | $30,157,364 | $28,611,353 | $110,595,430 |
Form 990 filings
The returns filed by Franklin Institute (EIN 23-1370501), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $25,287,814 | 49% |
| Program service revenue | $21,291,109 | 42% |
| Other revenue | $4,580,480 | 9% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $29,261,528 | 85% |
| Management & general | $3,474,467 | 10% |
| Fundraising | $1,834,613 | 5% |
What the numbers show
- Contributions & grants made up 49% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 10%, and fundraising 5%.
- 85% of functional expenses went to program services in FY2024. That is higher than 75.6% of 41 Arts, Culture & Humanities organizations in PA.
- Net assets covered about 69.7 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 1433 Arts, Culture & Humanities organizations in PA.
- Total revenue was higher than 99.8% of 1459 Arts, Culture & Humanities organizations in PA.
- Total revenue rose from $30,157,364 in FY2011 to $51,159,403 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2017, FY2020).
- Net assets grew from $110,595,430 to $200,878,690 between FY2011 and FY2024.
- Contributions and grants made up 38% of revenue in FY2011 and 49% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY.
IRS status
| Ruling year | 1928 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A25 — Arts, Culture & Humanities (in PA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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