Fram CQ

Analysis

Fram CQ is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2022, Fram CQ reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 4 years on record, from April 2019 to April 2022, income grew from $1.5m to $1.7m (+14%), an average of +4.6% a year. The sharpest change came in the year to April 2022, when income rose by 66%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fram CQ sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Woodstock Agricultural Society ($1.7m), Polk County Youth Fair Inc ($1.7m) and Allensworth Progressive Association ($1.7m).

On its Form 990 for the period ending April 2022, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $150k. At year end it held assets of $886k against liabilities of $614k, net assets of $271k.