Sarah Frye Home

Analysis

Sarah Frye Home is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in March 1943, 83 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sarah Frye Home reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.6m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarah Frye Home sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Palmetto Animal League ($1.6m), Haverford Township Free Library Assn ($1.6m) and Navy-Marine Corps Regional Training Center ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $87k (5.4% of expenses). Other salaries and wages came to $915k. At year end it held assets of $1.5m against liabilities of $108k, net assets of $1.4m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.