Frankie Mae Foundation

Analysis

Frankie Mae Foundation is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Frankie Mae Foundation reported income of $140k and spending of $148k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $85k to $140k (+64%), an average of +64% a year. The sharpest change came in the year to June 2024, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Frankie Mae Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Welcome Home Vets ($140k), Project Save Lives Inc ($140k) and The Bettie Jane Cancer Foundation Inc ($140k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $849, net assets of $20k.