Freemans Ministries Inc

Analysis

Freemans Ministries Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Freemans Ministries Inc reported income of $79k and spending of $106k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $79k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freemans Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include Table Foundation ($79k), Actualism ($79k) and Ministerio Reino de Dios ($79k).

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 $190k against liabilities of $0, net assets of $190k.