Free Rein Inc

Analysis

Free Rein Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Free Rein Inc reported income of $299k and spending of $224k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $299k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Free Rein Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Parent Booster USA Inc ($299k), Texas Shotgun Shootout and Larryratheal Scholarship Association ($299k) and Homeschool Christian Academy Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 8.2% of the total. Other salaries and wages came to $95k. At year end it held assets of $356k against liabilities of $3,033, net assets of $353k. It reported 10 employees.