Freedom Adult Foster Care Corp

Analysis

Freedom Adult Foster Care Corp is a registered charity in United States, based in Clarkston, MI. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Freedom Adult Foster Care Corp reported income of $5.2m and spending of $5.2m, spending 100% of its income. Across the 3 years on record, from September 2019 to September 2022, income grew from $4.2m to $5.2m (+22%), an average of +11% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Adult Foster Care Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Woodlawn Apartments Inc ($5.2m), Lifestyles of Maryland Foundation Inc ($5.2m) and Kairos Fellowship Inc ($5.2m).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $344k (6.6% of expenses). At year end it held assets of $789k against liabilities of $791k, net assets of -$2,681. It reported 92 employees.