Freedom Firm USA

Analysis

Freedom Firm USA is a registered charity in United States, based in Galax, VA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Freedom Firm USA reported income of $346k and spending of $418k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $398k to $346k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Freedom Firm USA sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Speak Up Africa ($346k), Peace and Hope International ($346k) and Hope Outreach International ($346k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $41k (9.8% of expenses). Other salaries and wages came to $29k. At year end it held assets of $369k against liabilities of $521, net assets of $368k. It reported 5 employees.