Freedom Academy I Inc

Analysis

Freedom Academy I Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in January 2016, 10 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 July 2024, Freedom Academy I Inc reported income of $545k and spending of $520k, spending 95% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $158k to $545k (+245%), an average of +28% a year. The sharpest change came in the year to July 2024, when income rose by 134%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Academy I Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Wee Care Child Care Center of East Falls ($545k), Fundacion Mi Gran Sueno ($545k) and 1st Place 2 Start ($545k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $677k.