Fraser

Analysis

Fraser is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fraser reported income of $43.3m and spending of $41.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.4m to $43.3m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fraser sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Young Mens Christian Association of Long Island Inc ($43.3m), Neighborimpact ($43.3m) and South Metro Human Services ($43.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $307k (0.7% of expenses). Other salaries and wages came to $28.9m. At year end it held assets of $49.5m against liabilities of $13.4m, net assets of $36.1m. It reported 2,642 employees.