The Fred Foundation
The Fred Foundation shows consistent asset growth and minimal liabilities, with highly variable annual revenue.
EIN: 205012358 · Amherst, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $71K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $3.6M |
| Transparency Score | 85/100 |
Is The Fred Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Fred Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fred Foundation
The Fred Foundation (EIN: 205012358) is a nonprofit organization based in Amherst, NH, classified under NTEE code T22. The organization reported total revenue of $97K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fred Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fred Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 118.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $71K |
| Surplus / Deficit | +$123K |
| Total Assets | $3.6M |
| Total Liabilities | $1 |
| Net Assets | $3.6M |
| Operating Margin | 63.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 611.2 months |
Financial Health Grade: A
In 2023, The Fred Foundation reported a surplus of $123K with revenue exceeding expenses, holds 611.2 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), The Fred Foundation's revenue has grown at a compound annual growth rate (CAGR) of 118.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.9% | -10.4% | +5.2% |
| 2022 | +1608.5% | +27.8% | +68.2% |
| 2021 | +52.7% | +8.8% | +9.3% |
| 2020 | -43.6% | -9.9% | +15.3% |
| 2019 | -16.9% | -75.0% | +27.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Fred Foundation with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Fred Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $123K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is handled externally, which significantly reduces overhead for an organization with assets over $3.5 million.
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 The Fred Foundation's IRS 990 filings:
- Highly volatile annual revenue, making financial planning potentially challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting full efficiency assessment.
Strengths
The following positive indicators were identified for The Fred Foundation:
- Consistent and significant asset growth, from $1,097,691 in 2011 to $3,590,894 in 2023.
- Extremely low liabilities, consistently reported as $1, indicating strong financial stability.
- Zero reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Expenses consistently well below revenue in most years, allowing for asset accumulation.
Frequently Asked Questions about The Fred Foundation
Is The Fred Foundation a legitimate charity?
The Fred Foundation (EIN: 205012358) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $97K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Fred Foundation spend its money?
The Fred Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Fred Foundation tax-deductible?
The Fred Foundation is registered as a tax-exempt nonprofit (EIN: 205012358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Fred Foundation CEO make?
The Fred Foundation's highest-compensated officer earns $3.5 annually. The organization reported $97K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Fred Foundation's spending goes to programs?
The Fred Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Fred Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Fred Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Fred Foundation located?
The Fred Foundation is headquartered in Amherst, New Hampshire and files with the IRS under EIN 205012358. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Fred Foundation have?
The Fred 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 $97K in total revenue.
What is the primary source of The Fred Foundation's highly variable revenue?
The provided data shows revenue fluctuating significantly, from $16 in 2011 to $1,748,046 in 2022, then down to $193,638 in 2023. This suggests a reliance on large, potentially infrequent, donations or grants rather than a consistent stream of smaller contributions.
How does The Fred Foundation manage to operate with zero reported officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership may be entirely volunteer-based, or that any compensation for officers is paid by a related entity and not directly by The Fred Foundation, which would contribute to very low administrative costs.
What are the specific program activities funded by The Fred Foundation?
The provided NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests the organization is a grantmaking foundation. However, the specific programs or causes it supports are not detailed in the financial summary.
Filing History
IRS 990 filing history for The Fred Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Fred Foundation's revenue has grown by 1210137.5%, moving from $16 to $194K. Total assets increased by 227.1% over the same period, from $1.1M to $3.6M. Total functional expenses rose by 102.8%, from $35K to $71K. In its most recent filing year (2023), The Fred Foundation reported a surplus of $123K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $71K | $3.6M | $1 | — | — |
| 2022 | $1.7M | $79K | $3.4M | $1 | — | View 990 |
| 2021 | $102K | $62K | $2.0M | $1 | — | View 990 |
| 2020 | $67K | $57K | $1.9M | $1 | — | — |
| 2019 | $119K | $63K | $1.6M | $1 | — | View 990 |
| 2015 | $143K | $251K | $1.3M | $1 | — | View 990 |
| 2014 | $94 | $78K | $1.5M | $1 | — | View 990 |
| 2013 | $405K | $39K | $1.6M | $1 | — | View 990 |
| 2012 | $192K | $62K | $1.3M | $1 | — | View 990 |
| 2011 | $16 | $35K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $71K, and assets of $3.6M (revenue -88.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $79K, and assets of $3.4M (revenue +1608.5% year-over-year).
- 2021: Revenue of $102K, expenses of $62K, and assets of $2.0M (revenue +52.7% year-over-year).
- 2020: Revenue of $67K, expenses of $57K, and assets of $1.9M (revenue -43.6% year-over-year).
- 2019: Revenue of $119K, expenses of $63K, and assets of $1.6M (revenue -16.9% year-over-year).
- 2015: Revenue of $143K, expenses of $251K, and assets of $1.3M (revenue +152046.8% year-over-year).
- 2014: Revenue of $94, expenses of $78K, and assets of $1.5M (revenue -100.0% year-over-year).
- 2013: Revenue of $405K, expenses of $39K, and assets of $1.6M (revenue +110.6% year-over-year).
- 2012: Revenue of $192K, expenses of $62K, and assets of $1.3M (revenue +1201050.0% year-over-year).
- 2011: Revenue of $16, expenses of $35K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fred Foundation:
Data Sources and Methodology
This transparency report for The Fred 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.