Freedomworks Incorporated

Analysis

Freedomworks Incorporated is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Freedomworks Incorporated reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.5m to $2.3m (+52%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 42%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedomworks Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Freelandville Community Home Inc ($2.3m), Mothers Milk Bank Northeast Inc ($2.3m) and Nami Contra Costa ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $185k (9.2% of expenses). Other salaries and wages came to $746k. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.6m. It reported 37 employees.