Freedom Train Inc

Analysis

Freedom Train Inc is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Freedom Train Inc reported income of $219k and spending of $236k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $249k to $219k (-12%), an average of -4.2% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom Train Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include City of Life Ministries ($219k), Engage Global ($219k) and Bridge the Gap Ministries ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (39% of expenses). At year end it held assets of $17k against liabilities of $9,864, net assets of $6,961. It reported 1 employees.