Freedom United

Analysis

Freedom United is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 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 2022, Freedom United reported income of $343k and spending of $498k, spending 145% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $640k to $343k (-46%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom United sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Manav Mandir Inc ($343k), Provision Packs ($343k) and Family Bonds Foundation ($343k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (30% of expenses). It paid $8,730 in professional fundraising fees. At year end it held assets of $229k against liabilities of $3,795, net assets of $225k. It reported 1 employees.