Freedom Thru Faith Ministries Inc

Analysis

Freedom Thru Faith Ministries Inc is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Freedom Thru Faith Ministries Inc reported income of $212k and spending of $213k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $212k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom Thru Faith Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Hands Metro Apartments Inc ($212k), Chaparral Senior Housing Inc ($212k) and Association Properties Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $27k (13% of expenses). At year end it held assets of $90k against liabilities of $75k, net assets of $15k. It reported 1 employees.