Freedom Foundation Inc

Analysis

Freedom Foundation Inc is a registered charity in United States, based in Grand Ridge, IL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom Foundation Inc reported income of $117k and spending of $108k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $117k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Sister of the Eucharistic Heart of Jesus ($117k), PRF Teaching Ministry ($117k) and Touch Life Mission ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.