Frassatiusa Inc
Frassatiusa Inc maintains stable expenses and zero officer compensation amidst fluctuating revenue.
EIN: 208036995 · Nashville, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $66K |
| Program Spending | 85% |
| Net Assets | $120K |
| Transparency Score | 88/100 |
Is Frassatiusa Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frassatiusa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frassatiusa Inc
Frassatiusa Inc (EIN: 208036995) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $61K and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frassatiusa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frassatiusa Inc is a micro nonprofit that has been operating for 80 years, with 6 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $66K |
| Surplus / Deficit | $-14,258 |
| Total Assets | $120K |
| Net Assets | $120K |
| Operating Margin | -27.6% |
| Months of Reserves | 21.8 months |
Financial Health Grade: B
In 2023, Frassatiusa Inc reported a deficit of $14K with expenses exceeding revenue, holds 21.8 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2012–2023), Frassatiusa Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | -0.3% | -10.6% |
| 2022 | -43.6% | -0.3% | +3.9% |
| 2021 | +57.9% | -4.7% | +86.6% |
| 2020 | +9.1% | -10.0% | +17.7% |
| 2019 | +13.7% | +452.7% | +75.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Frassatiusa Inc with a Mission Score of 88 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, Frassatiusa Inc 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 deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Frassatiusa Inc reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor funds being directed towards the mission.
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.
Strengths
The following positive indicators were identified for Frassatiusa Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership or efficient use of funds.
- Zero liabilities reported in most recent filings (2023, 2022, 2021, 2019), demonstrating strong financial management.
- Consistent filing of IRS Form 990, indicating good transparency and compliance.
- Assets consistently exceed liabilities, showing a healthy balance sheet (e.g., $119,983 assets vs. $0 liabilities in 2023).
Frequently Asked Questions about Frassatiusa Inc
Is Frassatiusa Inc a legitimate charity?
Frassatiusa Inc (EIN: 208036995) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 88/100. It has 6 years of IRS 990 filings on record. Total revenue: $61K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Frassatiusa Inc spend its money?
Frassatiusa Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Frassatiusa Inc tax-deductible?
Frassatiusa Inc is registered as a tax-exempt nonprofit (EIN: 208036995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Frassatiusa Inc's spending goes to programs?
Frassatiusa Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Frassatiusa Inc located?
Frassatiusa Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 208036995.
How many years of IRS 990 filings does Frassatiusa Inc have?
Frassatiusa Inc has 6 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 $61K in total revenue.
Is Frassatiusa Inc a good charity?
Based on the available data, Frassatiusa Inc appears to be a well-managed charity. It consistently reports zero officer compensation, maintains low liabilities, and has a history of regular IRS 990 filings, all of which are positive indicators of good governance and financial health.
How has Frassatiusa Inc's revenue trended?
Frassatiusa Inc's revenue has fluctuated over the years, peaking at $126,271 in 2021 and declining to $51,654 in 2023. Despite these fluctuations, the organization has managed to keep its expenses relatively stable.
What is Frassatiusa Inc's asset-to-liability ratio?
Frassatiusa Inc consistently reports very low to zero liabilities in its recent filings (e.g., $0 in 2023, 2022, 2021, 2019), while maintaining assets over $100,000 in recent years (e.g., $119,983 in 2023). This indicates a very strong asset-to-liability position.
Filing History
IRS 990 filing history for Frassatiusa Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2023), Frassatiusa Inc's revenue has declined by 19.9%, moving from $64K to $52K. Total assets increased by 258.5% over the same period, from $33K to $120K. Total functional expenses rose by 371.4%, from $14K to $66K. In its most recent filing year (2023), Frassatiusa Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $66K | $120K | $0 | — | — |
| 2022 | $71K | $66K | $134K | $0 | — | View 990 |
| 2021 | $126K | $66K | $129K | $0 | — | — |
| 2020 | $80K | $70K | $69K | $18 | — | — |
| 2019 | $73K | $77K | $59K | $0 | — | View 990 |
| 2012 | $64K | $14K | $33K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $66K, and assets of $120K (revenue -27.4% year-over-year).
- 2022: Revenue of $71K, expenses of $66K, and assets of $134K (revenue -43.6% year-over-year).
- 2021: Revenue of $126K, expenses of $66K, and assets of $129K (revenue +57.9% year-over-year).
- 2020: Revenue of $80K, expenses of $70K, and assets of $69K (revenue +9.1% year-over-year).
- 2019: Revenue of $73K, expenses of $77K, and assets of $59K (revenue +13.7% year-over-year).
- 2012: Revenue of $64K, expenses of $14K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frassatiusa Inc:
Data Sources and Methodology
This transparency report for Frassatiusa Inc 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.