Fredrikson & Byron Foundation

Analysis

Fredrikson & Byron Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 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 May 2023, Fredrikson & Byron Foundation reported income of $824k and spending of $726k, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $558k to $824k (+48%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fredrikson & Byron Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Garden Gate Ranch Inc ($823k), The Ramey-Estep Homes Foundation Inc ($824k) and Community Homes for Adults Endowment Foundation ($822k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $241k against liabilities of $284k, net assets of -$43k.