Point of Freedom

Analysis

Point of Freedom is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Point of Freedom reported income of $817k and spending of $802k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $817k (+273%), an average of +39% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Point of Freedom sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include United Way Capital Corporation ($817k), Southern Indiana Community Housing Corporation ($818k) and Western Nebraska Housing Opportunities ($817k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $242k (30% of expenses). Other salaries and wages came to $50k. At year end it held assets of $340k against liabilities of $100k, net assets of $240k. It reported 5 employees.