House of Freedom Inc

Analysis

House of Freedom Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2003, 23 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 June 2023, House of Freedom Inc reported income of $3.4m and spending of $2.0m, leaving 42% of income unspent that year. The sharpest change came in the year to June 2022, when income rose by 935%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Freedom Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Syracuse Model Neighborhood Corp ($3.4m), Housing Development Fund Inc ($3.4m) and The Village at Mercy Creek ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $21.8m against liabilities of $0, net assets of $21.8m.