Freedom Farm Ministries

Analysis

Freedom Farm Ministries is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in December 2007, 19 years ago. 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 Farm Ministries reported income of $839k and spending of $670k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $839k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freedom Farm Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include USA Swimming Inc ($839k), American Wheat Mission Inc ($839k) and Southeast Intervention Group Inc ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $24k (3.6% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.0m against liabilities of $387k, net assets of $628k. It reported 10 employees.