Freedom School Partners Inc

Analysis

Freedom School Partners Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 School Partners Inc reported income of $2.8m and spending of $2.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.8m (-5.7%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Freedom School Partners Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Teen Warehouse Inc ($2.8m), A Village for One ($2.8m) and Boys and Girls Club of Pasadena ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $143k (5.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $106k, net assets of $2.4m. It reported 113 employees.