Frazee Center

Analysis

Frazee Center is a registered charity in United States, based in Easley, SC. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Frazee Center reported income of $265k and spending of $259k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $265k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frazee Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Warren-Walker Parents Foundation ($265k), Entrepreneurship Award Corp ($265k) and Oklahoma Israel Exchange Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $30k (12% of expenses). Other salaries and wages came to $72k. At year end it held assets of $918k against liabilities of $2,972, net assets of $915k. It reported 10 employees.