Free Press

Analysis

Free Press is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Free Press reported income of $8.9m and spending of $6.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $8.9m (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Free Press 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include First Look Institute Inc ($8.9m), Palm Springs Art Museum ($8.9m) and New Hampshire Public Radio Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $559k (8.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $13.1m against liabilities of $1.1m, net assets of $12.0m. It reported 39 employees.