Freedom Work Opportunities Inc

Analysis

Freedom Work Opportunities Inc is a registered charity in United States, based in Highland, MI. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 September 2023, Freedom Work Opportunities Inc reported income of $1.9m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $1.9m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freedom Work Opportunities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Madison Electrical Joint Apprenticeship Training Trust Fund ($1.9m), South Shore Chamber Community Development Corporation ($1.9m) and Community Empowerment Fund ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $189k (9.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $870k, net assets of $346k. It reported 86 employees.