Freedom Network USA Inc

Analysis

Freedom Network USA Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2016, 10 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 Network USA Inc reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $728k to $1.8m (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Network USA Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Relief After Violent Encounter ($1.8m), A Better Chance for Our Children Inc ($1.8m) and Colonial Youth and Family Services Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $145k (7.1% of expenses). Other salaries and wages came to $976k. At year end it held assets of $472k against liabilities of $84k, net assets of $388k. It reported 21 employees.