Freetown Village Inc

Analysis

Freetown Village Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freetown Village Inc reported income of $587k and spending of $198k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $342k to $587k (+72%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freetown Village Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Woodford County Theatrical Arts Association Inc ($587k), Stratford Art Works Inc ($587k) and Wilmette Theatre Education Project NFP ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $28k (14% of expenses). Other salaries and wages came to $53k. It paid $5,900 in professional fundraising fees. At year end it held assets of $723k against liabilities of $187k, net assets of $536k. It reported 8 employees.