Frias Family Foundation

Analysis

Frias Family Foundation is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Frias Family Foundation reported income of $163k and spending of $155k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $163k (-8.0%), an average of -8.0% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frias Family Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Calliope Productions Incorporated ($163k), Mount Washington Historical Society ($163k) and Forst Inn Arts Collective Inc ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.