Freedom 58 Project Incorporated

Analysis

Freedom 58 Project Incorporated is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Freedom 58 Project Incorporated reported income of $72k and spending of $54k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $72k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom 58 Project Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Love Inc of Medina County ($72k), First Priority Tri-States ($72k) and Ministerio Pentecostes Nuevo Vivir ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.