Freedom Now Inc

Analysis

Freedom Now Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, 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 December 2023, Freedom Now Inc reported income of $896k and spending of $808k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $896k (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Now Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Paws for Youth Inc ($896k), Turning Point Pregnancy Resources Center Inc ($896k) and Aware Inc ($895k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $165k (20% of expenses). Other salaries and wages came to $340k. At year end it held assets of $1.4m against liabilities of $3,718, net assets of $1.4m. It reported 8 employees.