Fried Center for the Advancement of Potential

Analysis

Fried Center for the Advancement of Potential is a registered charity in United States, based in Crozet, VA. It received its IRS tax-exemption ruling in October 2013, 13 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, Fried Center for the Advancement of Potential reported income of $249k and spending of $245k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $205k to $249k (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fried Center for the Advancement of Potential sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Next Steps the Colony ($249k), Comunidad Child Care Center ($249k) and Por Amor a LA Humanidad ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $16k against liabilities of $58k, net assets of -$42k.