Frassatiusa Inc

Analysis

Frassatiusa Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1946, 80 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, Frassatiusa Inc reported income of $52k and spending of $66k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $52k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frassatiusa Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within TN. Charities of a similar size with the same main cause include National Ambucs Inc ($52k), Living Word Inc ($52k) and Steam Genius NFP ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.