Frasier Meadows Manor Inc

Analysis

Frasier Meadows Manor Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in January 1964, 62 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 June 2024, Frasier Meadows Manor Inc reported income of $52.7m and spending of $45.9m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $29.3m to $52.7m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frasier Meadows Manor Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Area Agency on Aging Planning and Service Area 2 ($52.7m), Greatcare Inc ($52.7m) and The Food Bank of Northern Nevada Inc ($52.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.6m (3.4% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $263.3m against liabilities of $230.0m, net assets of $33.3m. It reported 370 employees.