Friends of Freedom Park

Analysis

Friends of Freedom Park is a registered charity in United States, based in Prescott, WI. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of Freedom Park reported income of $259k and spending of $115k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $259k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Freedom Park 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 59th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include Valley Womens Club Association of San Lorenzo Valley Incorporated ($259k), Visions America ($259k) and Pennsylvania State Association of County Fairs ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $269k against liabilities of $2,761, net assets of $266k. It reported 7 employees.