Fraxa Research Foundation Inc

Analysis

Fraxa Research Foundation Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fraxa Research Foundation Inc reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fraxa Research Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Sister Servants of Christ the King Inc ($2.0m), Space Coast Discovery Inc ($2.0m) and Salt Lake Urban Search & Rescue Task Force ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $292k (16% of expenses). Other salaries and wages came to $57k. At year end it held assets of $4.0m against liabilities of $13k, net assets of $3.9m. It reported 3 employees.