Free Foundation for Rehabilitation Equipment & Endowment

Analysis

Free Foundation for Rehabilitation Equipment & Endowment is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 1999, 27 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, Free Foundation for Rehabilitation Equipment & Endowment reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Free Foundation for Rehabilitation Equipment & Endowment sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Shalva Inc ($1.5m), Coastal Coalition for Children Inc ($1.5m) and North Dakota Domestic & Sexual Violence Coalition ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (7.1% of expenses). Other salaries and wages came to $224k. At year end it held assets of $759k against liabilities of $165k, net assets of $594k. It reported 16 employees.