Freeman Educational Foundation 2113

Analysis

Freeman Educational Foundation 2113 is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Freeman Educational Foundation 2113 reported income of $2.1m and spending of $1.2m, leaving 42% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $857k to $2.1m (+147%), an average of +25% a year. The sharpest change came in the year to October 2020, when income rose by 987%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Freeman Educational Foundation 2113 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Southern Eye-Bank ($2.1m), Abercrombie & Kent Philanthropy Inc ($2.1m) and Court Sports for Life Foundation ($2.1m).

Compensation of current officers, directors and key employees was $164k (13% of expenses). At year end it held assets of $35.9m against liabilities of $7.2m, net assets of $28.6m.