Freedom Fund

Analysis

Freedom Fund is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Fund reported income of $16.7m and spending of $22.5m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.4m to $16.7m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Freedom Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include United Way of South Hampton Roads ($16.7m), United Way for Greater Austin ($16.8m) and Community Foundation of Johnson ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $719k (3.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $40.9m against liabilities of $1.4m, net assets of $39.5m. It reported 10 employees.