Freedom Waters Foundation Inc

Analysis

Freedom Waters Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Waters Foundation Inc reported income of $601k and spending of $713k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $601k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Freedom Waters Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Kingwood Fillies Drill Team Booster Club ($601k), Norwalk River Rowing Association ($601k) and Friends of Manhasset Crew ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $101k (14% of expenses). Other salaries and wages came to $215k. At year end it held assets of $428k against liabilities of $0, net assets of $428k. It reported 3 employees.