Ferree Educational & Welfare Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Ferree Educational & Welfare Fund is a 501(c)(3) organization based in Asheboro, North Carolina, registered in 1958, with $97,621 in FY2024 revenue. CharityIndex grades it B.
Po Box 2207, Asheboro, NC, 27204 EIN 56-6062560 Since 1958
Revenue (FY2024)
$98K
▼ 16.0% vs prior year
Expenses (FY2024)
$96K
Net assets
$2.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Ferree Educational & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating280 mo reserves · +2% margin
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 Ferree Educational & Welfare Fund: 280 mo reserves · +2% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Ferree Educational & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Ferree Educational & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 2207, Asheboro, NC, 27204
- City
- Asheboro
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $90K (FY2020) to $98K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2,377Net assets $2.2M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$2,377
Net assets
$2.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $97,621▼16.0% | $95,526▼12.1% | $2,224,987▲3.7% | $2,227,364▲3.0% | 990PF |
| 2023 | $116,271▲10.2% | $108,723▼17.9% | $2,145,405▲5.5% | $2,163,220▲5.4% | 990PF |
| 2022 | $105,489▼21.3% | $132,488▲12.8% | $2,033,019▼11.6% | $2,051,664▼11.2% | 990PF |
| 2021 | $134,042▲48.8% | $117,494▲3.3% | $2,299,363▲3.7% | $2,309,650▲3.8% | 990PF |
| 2020 | $90,110 | $113,785 | $2,217,058 | $2,225,301 | 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.
Frequently asked questions
- Is Ferree Educational & Welfare Fund a legitimate nonprofit?
- Yes. Ferree Educational & Welfare Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6062560, based in Asheboro, North Carolina. Donations are tax-deductible.
- What is Ferree Educational & Welfare Fund's EIN?
- Ferree Educational & Welfare Fund's Employer Identification Number (EIN) is 56-6062560.
- How much revenue does Ferree Educational & Welfare Fund report?
- Ferree Educational & Welfare Fund reported $97,621 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ferree Educational & Welfare Fund have?
- CharityIndex grades Ferree Educational & Welfare Fund B, based on financial health (reserves and operating margin).
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Data for Ferree Educational & Welfare Fund (EIN 56-6062560) 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.