Fraternus Inc

Analysis

Fraternus Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 September 2023, Fraternus Inc reported income of $708k and spending of $757k, spending 107% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $393k to $708k (+80%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 208%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fraternus Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Partnership for Appalachian Girls Education ($708k), Marilyn & Gordon Macklin Intergenerational Institute Inc ($708k) and Caribe Girl Scouts Council Inc ($707k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $120k (16% of expenses). Other salaries and wages came to $244k. At year end it held assets of $722k against liabilities of $303k, net assets of $418k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.