Fredette Family Foundation

Analysis

Fredette Family Foundation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Fredette Family Foundation reported income of $106k and spending of $149k, spending 141% of what it took in. Across the 3 years on record, from October 2020 to October 2023, income fell from $120k to $106k (-11%), an average of -5.9% a year. The sharpest change came in the year to October 2022, when income rose by 70%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fredette Family Foundation 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 38th percentile, and in the 36th percentile within UT. Charities of a similar size with the same main cause include Pound the Pavement 501 Inc ($106k), West Chester Downtown Foundation ($106k) and The Ascension Fund Inc ($106k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $5,191, net assets of $103k.