Freedom Foundation of Texas

Analysis

Freedom Foundation of Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2007, 19 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 June 2023, Freedom Foundation of Texas reported income of $247k and spending of $269k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $362k to $247k (-32%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Freedom Foundation of Texas sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Candia Youth Athletic Assn ($247k), West Coast Federals Baseball Club ($247k) and Woodstock Ski Runners Educational Program Inc ($247k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (54% of expenses). At year end it held assets of $267k against liabilities of $0, net assets of $267k.