Freedom Hky Inc

Analysis

Freedom Hky Inc is a registered charity in United States, based in Harwood, MD. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Freedom Hky Inc reported income of $910k and spending of $758k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $377k to $910k (+141%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Freedom Hky Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Gan Israel Chabad ($910k), Minnesota State Elks Youth Camp Inc ($911k) and Indiana State Wrestling Assoc ($909k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (6.2% of expenses). Other salaries and wages came to $161k. At year end it held assets of $440k against liabilities of $167k, net assets of $272k. It reported 24 employees.