Freed Center for Independent Living

Analysis

Freed Center for Independent Living is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in June 1986, 40 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, Freed Center for Independent Living reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.8m (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freed Center for Independent Living sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Agrace Hospicecare Holdings Incorporated ($2.8m), Sunny View Lutheran Home ($2.8m) and Any Baby Can of San Antonio Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $153k (5.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $971k against liabilities of $525k, net assets of $446k. It reported 36 employees.