Freedom West Community Development Corporation

Analysis

Freedom West Community Development Corporation is a registered charity in United States, based in Alva, OK. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Freedom West Community Development Corporation reported income of $196k and spending of $221k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $198k to $196k (-1.1%), an average of -0.3% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom West Community Development Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Church Alliance of Millbrook Housing Development Inc ($196k), Cornwall Elderly Housing Corporation ($196k) and Independence Communities Inc ($196k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.4m against liabilities of $18k, net assets of $1.4m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.