Fraser Independent Living Project III Inc

Analysis

Fraser Independent Living Project III Inc is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fraser Independent Living Project III Inc reported income of $205k and spending of $220k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $205k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fraser Independent Living Project III Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Ems Fdny Help Fund ($205k), Mississippi Coats 4 Kidz ($205k) and Will to Live Foundation Incorporated ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $862k against liabilities of $1.6m, net assets of -$777k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.