Fremont Area Foundation Inc

Analysis

Fremont Area Foundation Inc is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Area Foundation Inc reported income of $198k and spending of $79k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $198k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fremont Area Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Community Christian School of Pampa Inc ($198k), Montessori Childrens House of Bay City Inc ($198k) and Adirondack Scholarship Foundation Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $864k against liabilities of $0, net assets of $864k.