Freire Foundation

Analysis

Freire Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Freire Foundation reported income of $2.7m and spending of $2.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $866k to $2.7m (+206%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 195%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freire Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Truckee Charter School Foundation ($2.7m), Young Womens Leadership Academyfoundation Inc ($2.7m) and Aquinas Catholic Schools Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. It paid $9,891 in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.8m.