Fraser Independent Living Project IV

Analysis

Fraser Independent Living Project IV is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in July 1999, 27 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 IV reported income of $169k and spending of $197k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $169k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 112% 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 IV sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Cancer Care Northwest Foundation ($169k), Maine Highlands Senior Center ($169k) and Mission Hill Link Inc ($169k).

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 $896k against liabilities of $1.3m, net assets of -$431k.

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.