Freedom Builders of America

Analysis

Freedom Builders of America is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Freedom Builders of America reported income of $287k and spending of $380k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $341k to $287k (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom Builders of America sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Cornerstone Transitional Housingministry Inc ($287k), Notre Dame Housing Inc ($288k) and Abraham Apartments Housing Development Fund Corporation ($287k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (14% of expenses). Other salaries and wages came to $90k. At year end it held assets of $200k against liabilities of $12k, net assets of $188k. It reported 3 employees.