Explore Freedom Services Inc

Analysis

Explore Freedom Services Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Explore Freedom Services Inc reported income of $9.5m and spending of $8.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $9.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Explore Freedom Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Community Action Planning Council of Jefferson County Inc ($9.5m), Methodist Manor Inc ($9.5m) and Alliance Visiting Nurses ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $651k (7.9% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $7.8m against liabilities of $11k, net assets of $7.7m. It reported 200 employees.