Free State Project Inc

Analysis

Free State Project Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in July 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Free State Project Inc reported income of $257k and spending of $265k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $257k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free State Project Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within NH. Charities of a similar size with the same main cause include Florida Farm Bureau Womens Fund Inc ($257k), Ohio District Kiwanis Foundation Inc ($257k) and Poway Valley Water Polo Club ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). At year end it held assets of $225k against liabilities of $0, net assets of $225k.