Friends of the Fromm Institute for Life-Long Learning

Analysis

Friends of the Fromm Institute for Life-Long Learning is a registered charity in United States, based in Larkspur, CA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Fromm Institute for Life-Long Learning reported income of $1.5m and spending of $1.9m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Fromm Institute for Life-Long Learning sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Summit Schools Inc ($1.5m), Santa Ynez Valley Christian Academy ($1.5m) and Miller Endowment Incorporated ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $55k (2.9% of expenses). At year end it held assets of $7.3m against liabilities of $540, net assets of $7.3m.