The Freshmen Fifteen

Analysis

The Freshmen Fifteen is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2009, 17 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 September 2023, The Freshmen Fifteen reported income of $50k and spending of $3,930, leaving 92% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $48k to $50k (+4.2%), an average of +4.2% a year. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Freshmen Fifteen sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 25th percentile within SC. Charities of a similar size with the same main cause include Uwharrie Volunteer Fire Department Inc ($50k), Price Evangelistic Association ($50k) and International Association of Assessing Officers ($50k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.