Fraser Ltd

Analysis

Fraser Ltd is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in February 1956, 70 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 June 2023, Fraser Ltd reported income of $11.7m and spending of $12.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.6m to $11.7m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fraser Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within ND. Charities of a similar size with the same main cause include Quality Group Homes Inc ($11.7m), K to College ($11.7m) and Illuminus Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $437k (3.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $13.0m against liabilities of $2.5m, net assets of $10.5m. It reported 276 employees.