Freedom Net

Analysis

Freedom Net is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Net reported income of $487k and spending of $272k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $487k (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom Net sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Chaucer Drive Study Center Inc ($487k), God Seekers Movement Inc ($487k) and St Lukes Episcopal School Permanent Endowment Fund ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $103k. At year end it held assets of $295k against liabilities of $296, net assets of $295k. It reported 4 employees.