Freedom 5 One Ministries Inc

Analysis

Freedom 5 One Ministries Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in September 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, Freedom 5 One Ministries Inc reported income of $452k and spending of $458k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $452k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom 5 One Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within AR. Charities of a similar size with the same main cause include Hands Extended Loving People Help Resource Center ($452k), The Family Hope Foundation Inc ($452k) and Limitless Disability Services Inc ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $176k (38% of expenses). Other salaries and wages came to $107k. At year end it held assets of $25k against liabilities of $8,102, net assets of $17k. It reported 4 employees.