The Freedom Foundation

Analysis

The Freedom Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 2014, 12 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, The Freedom Foundation reported income of $534k and spending of $248k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $534k (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Freedom Foundation 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 74th percentile within IA. Charities of a similar size with the same main cause include Family Resource Center ($533k), Northeastern Resources Development Corp ($534k) and Victims of Violence Intervention Program Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (27% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.