Freely in Hope

Analysis

Freely in Hope is a registered charity in United States, based in El Sobrante, CA. It received its IRS tax-exemption ruling in July 2011, 15 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, Freely in Hope reported income of $381k and spending of $389k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $381k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freely in Hope sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Childrens Policy & Law Initiative of Indiana ($381k), Second Day Impact Inc ($381k) and Father Vincent Welch Memorial Fund ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $96k. At year end it held assets of $190k against liabilities of $8,024, net assets of $182k. It reported 2 employees.