Project Freedom Inc

Analysis

Project Freedom Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Freedom Inc reported income of $3.1m and spending of $2.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.1m (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 208%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Freedom Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Kingdom Builders US Inc ($3.1m), El Camino Homeless Organization ($3.1m) and Phyllis Bodel Childcare Center at Yale School of Medicine Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $578k (26% of expenses). Other salaries and wages came to $723k. At year end it held assets of $15.5m against liabilities of $9.0m, net assets of $6.5m. It reported 61 employees.