Freedoms Way Heritage Association

Analysis

Freedoms Way Heritage Association is a registered charity in United States, based in Devens, MA. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Freedoms Way Heritage Association reported income of $421k and spending of $384k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $291k to $421k (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Freedoms Way Heritage Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include East Hampton Village Foundation ($421k), Brooklyn Greenway Initative ($422k) and Dauphin Island Sea Lab Foundation Inc ($420k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $124k (32% of expenses). Other salaries and wages came to $71k. At year end it held assets of $464k against liabilities of $20k, net assets of $443k. It reported 2 employees.