Freedom Institute Inc

Analysis

Freedom Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Institute Inc reported income of $1.6m and spending of $2.0m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.6m (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedom Institute Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Vermilion County Rape Crisis Center Inc ($1.6m), Headington Institute ($1.6m) and North Florida Foundation for Research and Education Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $177k (8.9% of expenses). Other salaries and wages came to $740k. At year end it held assets of $170k against liabilities of $598k, net assets of -$428k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.