Greater Fremont Development Foundation

Analysis

Greater Fremont Development Foundation is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Greater Fremont Development Foundation reported income of $121k and spending of $135k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $121k (+78%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Fremont Development 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 42nd percentile, and in the 40th percentile within NE. Charities of a similar size with the same main cause include Ryan T Lee Memorial Foundation Inc ($121k), Viperbots Friends and Family Inc ($121k) and South Hero Library Foundation ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.