Religious Freedom & Business Foundation

Analysis

Religious Freedom & Business Foundation is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 2014, 12 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, Religious Freedom & Business Foundation reported income of $555k and spending of $871k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $555k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Religious Freedom & Business Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Genesis 123 Foundation ($555k), Eyes Wide Open International ($556k) and Al-Huda Society Inc ($554k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $233k (27% of expenses). Other salaries and wages came to $47k. At year end it held assets of $186k against liabilities of $445, net assets of $185k. It reported 2 employees.