Araminta Freedom Initiative Inc

Analysis

Araminta Freedom Initiative Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Araminta Freedom Initiative Inc reported income of $1.0m and spending of $971k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $1.0m (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 264%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Araminta Freedom Initiative Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Assistance League of Greater Portland ($1.0m), Ambassador Services International ($1.0m) and Health Enrichment Network Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $125k (13% of expenses). Other salaries and wages came to $370k. At year end it held assets of $2.0m against liabilities of $80k, net assets of $1.9m. It reported 12 employees.