Fidos for Freedom Inc

Analysis

Fidos for Freedom Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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, Fidos for Freedom Inc reported income of $242k and spending of $285k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $314k to $242k (-23%), an average of -6.3% a year. The sharpest change came in the year to September 2023, when income dropped by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fidos for Freedom Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Tabernacle de Gozo Inc ($242k), Oneonta Youth Soccer Assoc ($242k) and First United Methodist Church Foundation Inc ($242k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $38k. At year end it held assets of $1.2m against liabilities of $527k, net assets of $712k. It reported 3 employees.