Free Enterprise Institute

Analysis

Free Enterprise Institute is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1977, 49 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Free Enterprise Institute reported income of $170k and spending of $297k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $170k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 142% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Free Enterprise Institute sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Youth Educational Services ($170k), Nick Cannon Foundation Inc ($170k) and Garden of Eden Foundation ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $90k (30% of expenses). Other salaries and wages came to $87k. At year end it held assets of $424k against liabilities of $0, net assets of $424k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.