Fraser Independent Living Project V

Analysis

Fraser Independent Living Project V is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Fraser Independent Living Project V reported income of $150k and spending of $198k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $150k (+13%), an average of +3.2% a year. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fraser Independent Living Project V sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Still Water Individual and Family Therapy Services Inc ($150k), Mission 34 ($150k) and Arise Physical Therapy Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $2.4m, net assets of -$484k.

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.