Frazier Revitalization Inc

Analysis

Frazier Revitalization Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Frazier Revitalization Inc reported income of $2.4m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $2.4m (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Frazier Revitalization Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Aglaunch Initiative ($2.4m), Strafford Economic Development Corporation ($2.4m) and Smart Local Union No 49 Joint Apprenticeship and Training Trust ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $246k (11% of expenses). Other salaries and wages came to $118k. At year end it held assets of $12.0m against liabilities of $161k, net assets of $11.8m. It reported 8 employees.