Father Fred Foundation

Analysis

Father Fred Foundation is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Father Fred Foundation reported income of $2.7m and spending of $3.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.7m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Fred Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Northwest Association for Blindathletes ($2.7m), Greater Roanoke Workforce Development Board ($2.7m) and California Child Care Resource & Referral Network ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $92k (2.8% of expenses). Other salaries and wages came to $431k. At year end it held assets of $8.3m against liabilities of $139k, net assets of $8.2m. It reported 12 employees.