The Set Me Free Project

Analysis

The Set Me Free Project is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2015, 11 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, The Set Me Free Project reported income of $313k and spending of $317k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $255k to $313k (+22%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Set Me Free Project sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include Doves Nest ($313k), Good Shepherd Mission Inc ($313k) and Dayton Community Food Pantry ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $46k (15% of expenses). Other salaries and wages came to $159k. At year end it held assets of $21k against liabilities of $56k, net assets of -$35k. It reported 18 employees.