Freedom House Recovery Center Inc

Analysis

Freedom House Recovery Center Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 1977, 49 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 June 2023, Freedom House Recovery Center Inc reported income of $11.2m and spending of $8.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $11.2m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 33%. 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, Freedom House Recovery Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Opportunity Resources Inc ($11.2m), Clasp Homes Inc ($11.2m) and Range Mental Health Center ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $8.4m against liabilities of $877k, net assets of $7.5m. It reported 194 employees.