Freedoms Promise Inc

Analysis

Freedoms Promise Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2010, 16 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 December 2023, Freedoms Promise Inc reported income of $981k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $981k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedoms Promise Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Sansone Foundation Inc ($979k), Waynesboro Ambulance Squad ($981k) and Chiari & Syringomyelia Foundation ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $411k. At year end it held assets of $2.1m against liabilities of $230k, net assets of $1.9m. It reported 9 employees.