Fremont-Rideout Foundation

Analysis

Fremont-Rideout Foundation is a registered charity in United States, based in Marysville, CA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fremont-Rideout Foundation reported income of $694k and spending of $1.4m, spending 206% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $152k to $694k (+355%), an average of +35% a year. The sharpest change came in the year to December 2019, when income rose by 499%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fremont-Rideout Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Ieladeinu Inc ($694k), First Ladys Charitable Foundation ($694k) and Springs Golf Course ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $333k. It paid $15k in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $0, net assets of $6.1m.