Institute for Freedoms Inc

Analysis

Institute for Freedoms Inc is a registered charity in United States, based in Altadena, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Institute for Freedoms Inc reported income of $4.7m and spending of $3.0m, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.6m to $4.7m (+191%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Freedoms Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Marion Independent School Foundation and Alumni Association ($4.7m), Pacific Telecommunications Council Inc ($4.7m) and Berhe Group Home Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $150k (5.0% of expenses). Other salaries and wages came to $45k. At year end it held assets of $2.4m against liabilities of $38k, net assets of $2.4m. It reported 2 employees.