Frenship Foundation for Leadership

Analysis

Frenship Foundation for Leadership is a registered charity in United States, based in Wolfforth, TX. It received its IRS tax-exemption ruling in July 2004, 22 years ago. 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 March 2023, Frenship Foundation for Leadership reported income of $175k and spending of $215k, spending 123% of what it took in. Across the 4 years on record, from March 2019 to March 2023, income fell from $249k to $175k (-30%), an average of -11% a year. The sharpest change came in the year to March 2022, when income rose by 259%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frenship Foundation for Leadership sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include PHCC of Georgia Academy Inc ($175k), The Conference of Southern Graduate Schools ($175k) and The J Curtis Earl Idaho Aviation Foundation Inc ($175k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $315k against liabilities of $0, net assets of $315k.