The Free State Foundation Inc

Analysis

The Free State Foundation Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Free State Foundation Inc reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Free State Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Entrepreneurs Organization ($1.3m), Womens Justice Initiative Inc ($1.3m) and Partnership to Educate and Advance Kids ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $504k (41% of expenses). Other salaries and wages came to $434k. At year end it held assets of $3.7m against liabilities of $78k, net assets of $3.6m. It reported 5 employees.