Freedom Foods

Analysis

Freedom Foods is a registered charity in United States, based in Los Lunas, NM. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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 May 2024, Freedom Foods reported income of $1.6m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.0m to $1.6m (+56%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 114%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Foods sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Seneca County Residential Advisory Committee Inc ($1.6m), Covenant for Life Child Development Center ($1.6m) and Plaid House Inc ($1.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $43k (3.2% of expenses). At year end it held assets of $870k against liabilities of $146k, net assets of $724k. It reported 1 employees.