Software Freedom Conservancy Inc

Analysis

Software Freedom Conservancy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover science and technology, 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 February 2023, Software Freedom Conservancy Inc reported income of $4.2m and spending of $3.7m, spending 87% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $3.3m to $4.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to February 2022, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Software Freedom Conservancy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Baltimore Office of Promotion and the Arts ($4.2m), Soulsville ($4.2m) and National Writing Project ($4.2m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $391k (11% of expenses). Other salaries and wages came to $351k. It paid $32k in professional fundraising fees. At year end it held assets of $7.2m against liabilities of $468k, net assets of $6.8m. It reported 6 employees.