Freeman Academy & Freeman Junior College

Analysis

Freeman Academy & Freeman Junior College is a registered charity in United States, based in Freeman, SD. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Freeman Academy & Freeman Junior College reported income of $2.0m and spending of $2.3m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.0m (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freeman Academy & Freeman Junior College sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within SD. Charities of a similar size with the same main cause include Maple Village Waldorf School ($2.0m), Education Evolving ($2.0m) and Marist H S Chicago Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $71k (3.1% of expenses). Other salaries and wages came to $991k. At year end it held assets of $5.0m against liabilities of $396k, net assets of $4.6m. It reported 70 employees.