Foundations for Freedom Inc

Analysis

Foundations for Freedom Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundations for Freedom Inc reported income of $70k and spending of $95k, spending 136% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $184k to $70k (-62%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. 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, Foundations for Freedom Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include I Got Next Youth Sports Inc ($70k), Pioneer Housing Project I ($70k) and Monroeville Council of Senior Citizens ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,657 against liabilities of $0, net assets of $9,657.