The Freecycle Network

Analysis

The Freecycle Network is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2024, The Freecycle Network reported income of $414k and spending of $267k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $424k to $414k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 82% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Freecycle Network 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 65th percentile within AZ. Charities of a similar size with the same main cause include Frack Action Fund ($413k), Nestucca Nekowin Watershed Council ($414k) and Merito Foundation Inc ($413k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $113k (42% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.0m against liabilities of $18k, net assets of $1.0m. It reported 2 employees.