Freedom Ride Inc

Analysis

Freedom Ride Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 1998, 28 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, Freedom Ride Inc reported income of $679k and spending of $596k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $679k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Ride Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Sexual Assault Center of Northwest Georgia ($679k), Trucare Network ($679k) and Reestablish Richmond Inc ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 20% of the total. Other salaries and wages came to $257k. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.9m. It reported 6 employees.