Celebrate Freedom Foundation

Analysis

Celebrate Freedom Foundation is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Celebrate Freedom Foundation reported income of $1.1m and spending of $299k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $1.1m (+178%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 513%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celebrate Freedom Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Metropolitan Youth Symphony ($1.1m), Aubin Pictures Inc ($1.1m) and Everhart Museum of Natural History Science & Art ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $89k (30% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.8m against liabilities of $40k, net assets of $1.7m. It reported 3 employees.