Freedom in Christ Inc

Analysis

Freedom in Christ Inc is a registered charity in United States, based in Candler, NC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Freedom in Christ Inc reported income of $6.1m and spending of $2.3m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.3m to $6.1m (+359%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom in Christ Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include The Global Self Foundation ($6.1m), McMahon-Parater Scholarship Foundation ($6.1m) and Laity Lodge Foundation ($6.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $9.4m against liabilities of $522k, net assets of $8.8m. It reported 2 employees.