Charles and Phyllis M Frias Charitable Tr is a 501(c)(3) organization based in Las Vegas, Nevada, registered in 2018, with $12,197,942 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$12.2M
▼ 36.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$7.2M
Net assets
$47.8M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Charles and Phyllis M Frias Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charles and Phyllis M Frias Charitable Tr: 79 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Charles and Phyllis M Frias Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charles and Phyllis M Frias Charitable Tr: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $8.5M (FY2018) to $12.2M (FY2024) across 7 reported years.
Financial snapshot
Operating margin
40.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$47.8M
Total liabilities
$60K
Net assets
$47.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,197,942▼36.8% | $7,249,591▲24.9% | $47,783,498▲11.4% | $47,843,294▲11.4% | 990PF |
| 2023 | $19,312,002▲1944% | $5,805,935▲176% | $42,895,147▲46.0% | $42,953,493▲45.9% | 990PF |
| 2022 | $945,016▼86.5% | $2,107,287▼37.8% | $29,389,080▼3.7% | $29,444,302▼3.7% | 990PF |
| 2021 | $7,012,500▲116% | $3,390,454▲69.7% | $30,512,337▲14.4% | $30,564,559▲14.3% | 990PF |
| 2020 | $3,244,221▼87.5% | $1,998,490▲87.8% | $26,674,308▲4.9% | $26,741,920▲5.2% | 990PF |
| 2019 | $25,983,831▲205% | $1,064,310▼86.7% | $25,428,577▲4895% | $25,428,577▲4895% | 990PF |
| 2018 | $8,519,207 | $8,011,151 | $509,056 | $509,056 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Charles and Phyllis M Frias Charitable Tr (EIN 82-3338279) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.