Framax Inc

Analysis

Framax Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Framax Inc reported income of $8.9m and spending of $8.9m, spending 100% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $7.6m to $8.9m (+16%), an average of +5.1% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Framax Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Northern Great Lakes Initiatives ($8.9m), Women in Distress of Broward County Inc ($8.9m) and Opportunities for Otsego Inc ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (1.0% of expenses). Other salaries and wages came to $450k. At year end it held assets of $226k against liabilities of $214k, net assets of $12k. It reported 11 employees.