Freedom Farm

Analysis

Freedom Farm is a registered charity in United States, based in Waverly, MN. It received its IRS tax-exemption ruling in July 2001, 25 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 Farm reported income of $309k and spending of $392k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $309k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Farm sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Wings of Hope Ranch Inc ($309k), Common Cup Ministry Inc ($309k) and California Foundation for Occupational Therapy ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $71k (18% of expenses). Other salaries and wages came to $100k. At year end it held assets of $630k against liabilities of $131k, net assets of $498k. It reported 13 employees.