Freedom Trail Foundation Inc

Analysis

Freedom Trail Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Freedom Trail Foundation Inc reported income of $1.7m and spending of $1.2m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freedom Trail Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Bay Area Cultural Connections ($1.7m), The Ablegamers Foundation Inc ($1.7m) and Compas Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $531k. At year end it held assets of $4.6m against liabilities of $430k, net assets of $4.2m. It reported 33 employees.