Freedom Academy Inc

Analysis

Freedom Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Freedom Academy Inc reported income of $3.7m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.7m (+7.4%), an average of +1.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freedom Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Primary School ($3.7m), Aderes Bais Yaakov Inc ($3.7m) and Pappas Kids Schoolhouse Foundation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $138k (3.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $9.2m against liabilities of $6.2m, net assets of $3.0m.