The Freedom Bound Center

Analysis

The Freedom Bound Center is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Freedom Bound Center reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $1.6m (+299%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 398%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Freedom Bound Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Advance Redding ($1.6m), Bayview Hunters Point Community Advocates Inc ($1.6m) and Greater Michigan Ua Local 190 Joint Training Committee ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $120k (6.7% of expenses). Other salaries and wages came to $443k. At year end it held assets of $1.9m against liabilities of $879k, net assets of $1.0m. It reported 6 employees.