Fryeburg Academy TR Ua 121261

Analysis

Fryeburg Academy TR Ua 121261 is a registered charity in United States, based in Fryeburg, ME. It received its IRS tax-exemption ruling in May 1964, 62 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 December 2023, Fryeburg Academy TR Ua 121261 reported income of $56k and spending of $24k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $56k (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fryeburg Academy TR Ua 121261 sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include Loris Blue Pride Club ($56k), Acueducto Rural Palmarito Cintron Inc ($56k) and Triple R Racing Inc ($56k).

Compensation of current officers, directors and key employees was $4,569 (19% of expenses). At year end it held assets of $337k against liabilities of $0, net assets of $337k.