Freedom Ministries

Analysis

Freedom Ministries is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in January 2018, 8 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 Ministries reported income of $99k and spending of $154k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $99k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 126% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom Ministries sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Masters Music Co of Plano Inc ($99k), Chabad of Chiapas Mexico Inc ($99k) and First Presbyterian Church Foundation of Hastings Nebraska ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.