Jorge Mas Canosa Freedom Foundation Inc

Analysis

Jorge Mas Canosa Freedom Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1981, 45 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 June 2023, Jorge Mas Canosa Freedom Foundation Inc reported income of $1.9m and spending of $569k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 403%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jorge Mas Canosa Freedom Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Medfield Afterschool Program Inc ($1.9m), Houseproud Atlanta Inc ($1.9m) and Family Pathfinders of Tarrant County ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $72k. At year end it held assets of $16.3m against liabilities of $2,900, net assets of $16.3m. It reported 2 employees.