Freedom Works Development Corporation

Analysis

Freedom Works Development Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1992, 34 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 December 2023, Freedom Works Development Corporation reported income of $168k and spending of $87k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income fell from $303k to $168k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freedom Works Development Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Berlin Community Development Corporation ($168k), Troy Community Land Bank Corporation ($168k) and Vamos Concertacion Ciudadana Inc ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.