Freedom Resource Center for Independent Living Inc

Analysis

Freedom Resource Center for Independent Living Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Freedom Resource Center for Independent Living Inc reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Resource Center for Independent Living Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ND. Charities of a similar size with the same main cause include Erv Community Center Foundation ($1.6m), Vera Court Neighborhood Center Inc ($1.6m) and Robert E Simon Jr Childrens Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $109k (7.3% of expenses). Other salaries and wages came to $758k. At year end it held assets of $939k against liabilities of $291k, net assets of $648k. It reported 19 employees.