Ferree Foundation
Ferree Foundation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 201060557 · Lancaster, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $21.2M |
| Transparency Score | 90/100 |
Is Ferree Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ferree Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ferree Foundation
Ferree Foundation (EIN: 201060557) is a nonprofit organization based in Lancaster, PA, classified under NTEE code T20. The organization reported total revenue of $4.6M and total assets of $21.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ferree Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ferree Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $21.2M |
| Total Liabilities | $1 |
| Net Assets | $21.2M |
| Operating Margin | 55.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 214.8 months |
Financial Health Grade: A
In 2023, Ferree Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 214.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ferree Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.9% | +1.8% | +6.1% |
| 2022 | +40.6% | +7.2% | +12.1% |
| 2021 | +30.4% | +6.3% | +8.7% |
| 2020 | +20.4% | -6.5% | +5.9% |
| 2019 | -22.5% | -24.2% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ferree Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ferree Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all ten filings, indicating either a fully volunteer-led organization or a structure where executive salaries are not categorized as officer compensation, which is highly favorable for donor perception and financial efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ferree Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Ferree Foundation:
- Consistent asset growth, increasing from $12.68 million in 2011 to $21.19 million in 2023.
- Extremely low liabilities, often reported as $1, indicating strong financial stability.
- 0% reported officer compensation across all ten years of filings, suggesting high efficiency and transparency.
- Expenses consistently well below revenue, allowing for healthy surplus and asset accumulation.
- Positive net income in most reported periods, demonstrating sustainable operations.
Frequently Asked Questions about Ferree Foundation
Is Ferree Foundation a legitimate charity?
Ferree Foundation (EIN: 201060557) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Ferree Foundation spend its money?
Ferree Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ferree Foundation tax-deductible?
Ferree Foundation is registered as a tax-exempt nonprofit (EIN: 201060557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ferree Foundation's spending goes to programs?
Ferree Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ferree Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ferree Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ferree Foundation located?
Ferree Foundation is headquartered in Lancaster, Pennsylvania and files with the IRS under EIN 201060557. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ferree Foundation have?
Ferree Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.6M in total revenue.
Is Ferree Foundation a good charity?
Based on the provided financial data, Ferree Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, minimal liabilities, and a remarkable record of 0% reported officer compensation, all of which are positive indicators of responsible stewardship.
How has Ferree Foundation's financial health changed over time?
The Ferree Foundation's financial health has significantly improved over time. Assets have grown from $12,683,493 in 2011 to $21,198,638 in 2023, and liabilities have remained consistently minimal, often just $1. Revenue has generally increased, and expenses have been well-managed relative to income.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all ten years of filings, suggesting either a volunteer-led executive team or that executive salaries are not classified under 'Officer Comp' on their 990s, which is a strong indicator of financial prudence and transparency.
Filing History
IRS 990 filing history for Ferree Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ferree Foundation's revenue has grown by 50.4%, moving from $1.8M to $2.7M. Total assets increased by 67.1% over the same period, from $12.7M to $21.2M. Total functional expenses rose by 5.9%, from $1.1M to $1.2M. In its most recent filing year (2023), Ferree Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $21.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $1.2M | $21.2M | $1 | — | View 990 |
| 2022 | $3.5M | $1.2M | $20.0M | $1 | — | — |
| 2021 | $2.5M | $1.1M | $17.8M | $1 | — | — |
| 2020 | $1.9M | $1.0M | $16.4M | $1 | — | View 990 |
| 2019 | $1.6M | $1.1M | $15.5M | $1 | — | View 990 |
| 2015 | $2.1M | $1.4M | $14.3M | $1K | — | View 990 |
| 2014 | $1.9M | $1.2M | $13.8M | $80K | — | View 990 |
| 2013 | $1.5M | $1.2M | $13.0M | $1K | — | View 990 |
| 2012 | $1.5M | $1.4M | $12.8M | $270 | — | View 990 |
| 2011 | $1.8M | $1.1M | $12.7M | $482 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $1.2M, and assets of $21.2M (revenue -24.9% year-over-year).
- 2022: Revenue of $3.5M, expenses of $1.2M, and assets of $20.0M (revenue +40.6% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.1M, and assets of $17.8M (revenue +30.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.0M, and assets of $16.4M (revenue +20.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.1M, and assets of $15.5M (revenue -22.5% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.4M, and assets of $14.3M (revenue +11.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.2M, and assets of $13.8M (revenue +24.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.2M, and assets of $13.0M (revenue +1.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $12.8M (revenue -16.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.1M, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ferree Foundation:
Data Sources and Methodology
This transparency report for Ferree Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.