Freven Foundation Charitable TR

Analysis

Freven Foundation Charitable TR is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Freven Foundation Charitable TR reported income of $365k and spending of $1.5m, spending 423% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $365k (-69%), an average of -25% a year. The sharpest change came in the year to June 2022, when income rose by 1587%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freven Foundation Charitable TR sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Connecticut Explored Inc ($365k), Fayetteville Band Boosters Inc ($365k) and Association for Academic Surgery Foundation ($365k).

At year end it held assets of $48.2m against liabilities of $4.5m, net assets of $43.7m.