Freedom From Bondage Inc

Analysis

Freedom From Bondage Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, 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 From Bondage Inc reported income of $557k and spending of $529k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $557k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedom From Bondage Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Viahelth of Wayne Foundation ($557k), Christiana Community Ambulance Asso C Inc ($557k) and P L a N of Southwest Ohio Inc ($557k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $167k. At year end it held assets of $869k against liabilities of $453k, net assets of $416k. It reported 8 employees.