Fremont Community School

Analysis

Fremont Community School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fremont Community School reported income of $941k and spending of $1.2m, spending 128% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $695k to $941k (+35%), an average of +7.8% a year. The sharpest change came in the year to August 2021, when income rose by 61%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fremont Community School sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Double Helix Corporation ($940k), Thor Johnson Endowment Trust ($941k) and St Lukes McCall Foundation Inc ($940k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $183k (15% of expenses). Other salaries and wages came to $514k. At year end it held assets of $3.4m against liabilities of $2.9m, net assets of $465k. It reported 22 employees.