Free Spirit Media NFP

Analysis

Free Spirit Media NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 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, Free Spirit Media NFP reported income of $950k and spending of $864k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $950k (-55%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 114% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Free Spirit Media NFP sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Harmony Youth Center Inc ($948k), San Mateo County Sheriffs Activities League ($951k) and Camp Wyandot Inc ($948k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $259k. At year end it held assets of $849k against liabilities of $66k, net assets of $783k. It reported 66 employees.