Set Free Inc

Analysis

Set Free Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Set Free Inc reported income of $111k and spending of $111k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $170k to $111k (-35%), an average of -35% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Set Free Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include A Wealth of Women ($111k), Jan Stephensons Crossroads Foundation Inc ($111k) and Leavenworth Mission Inc ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $1,681, net assets of $40k.