Freedom Source Inc

Analysis

Freedom Source Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 September 2023, Freedom Source Inc reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $421k to $1.6m (+281%), an average of +40% a year. The sharpest change came in the year to September 2021, when income rose by 103%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedom Source Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Harrisonburg Rescue Squad Incorporated ($1.6m), East Bay Institute for Research and Education Inc ($1.6m) and Mercy Care Center ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $76k (6.1% of expenses). Other salaries and wages came to $439k. It paid $52k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $183k, net assets of $822k. It reported 16 employees.