Free Enterprise Foundation Inc

Analysis

Free Enterprise Foundation Inc is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Free Enterprise Foundation Inc reported income of $429k and spending of $123k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $429k (-60%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 37% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Free Enterprise Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Hunterdon County 4-H and Agricultural Fair ($429k), Healthy Village Learning Institute Inc ($429k) and Millbrae Lions Youth Center ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.