Freedom Club Inc

Analysis

Freedom Club Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 Club Inc reported income of $56k and spending of $57k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $56k (-4.7%), an average of -4.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freedom Club Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include LA Leche League International Inc ($56k), Swannanoa Valley Art League ($56k) and SMC Group Home II Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.