Freedom Rain Inc

Analysis

Freedom Rain Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1997, 29 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 Rain Inc reported income of $11.0m and spending of $10.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $11.0m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Rain Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Young Mens Christian Association ($11.0m), The Fresno Center ($11.0m) and Christian Family Services Management Corporation ($11.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $132k (1.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $3.8m against liabilities of $2.3m, net assets of $1.5m. It reported 232 employees.