Freedom of the Press Foundation

Analysis

Freedom of the Press Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2013, 13 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, Freedom of the Press Foundation reported income of $16.8m and spending of $5.8m, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $16.8m (+521%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 245%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom of the Press Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Meaningful Ny Initiatives for People with Disabilities Inc ($16.8m), Swiss Village Inc ($16.8m) and Hospice of Orange & Sullivan Counties Inc ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $406k (7.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $23.2m against liabilities of $891k, net assets of $22.3m. It reported 30 employees.