Fred S Friends Corp

Analysis

Fred S Friends Corp is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in July 2022, 4 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, Fred S Friends Corp reported income of $60k and spending of $15k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $60k (+208%), an average of +208% a year. The sharpest change came in the year to December 2023, when income rose by 208%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fred S Friends Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Fort Dorchester Patriots Band Booster Club ($60k), Friends of the Medical College of Wisconsin Inc ($60k) and Fort Leboeuf Foundation ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.