Mary Lou Fraser Foundation for Families Inc

Analysis

Mary Lou Fraser Foundation for Families Inc is a registered charity in United States, based in Hinesville, GA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Mary Lou Fraser Foundation for Families Inc reported income of $857k and spending of $951k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $851k to $857k (+0.7%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Lou Fraser Foundation for Families Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include St Joseph School Endowment & Charitable Trust ($857k), West Windsor Plainsboro Soccer Association ($857k) and Suicide Prevention and Crisis Service of Tompkins County Inc ($857k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $79k (8.3% of expenses). Other salaries and wages came to $426k. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.1m. It reported 15 employees.

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.