New Freedom Project

Analysis

New Freedom Project is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2017, 9 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, New Freedom Project reported income of $3.7m and spending of $1.8m, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $3.7m (+218%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Freedom Project sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Bethlehem Haven of Pittsburgh ($3.7m), Family Connections Centers ($3.7m) and Respite Care Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.3m against liabilities of $318k, net assets of $2.0m.