Freedom Place Inc

Analysis

Freedom Place Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Freedom Place Inc reported income of $151k and spending of $127k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $151k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Place Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include House of Healing Inc ($151k), Al Slatons Rose Garden ($151k) and Pathways Living Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $229k against liabilities of $4,500, net assets of $224k.