L W Fraser Independent Living Project Inc

Analysis

L W Fraser Independent Living Project Inc is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, L W Fraser Independent Living Project Inc reported income of $354k and spending of $351k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $354k (+14%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, L W Fraser Independent Living Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Amistad Housing Development Corporation ($354k), Richmond Senior Housing Inc ($354k) and Nehemiah Program ($354k).

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 $805k against liabilities of $1.1m, net assets of -$330k.