Freedom Initiative

Analysis

Freedom Initiative is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Initiative reported income of $429k and spending of $1.8m, spending 421% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $429k (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 680%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freedom Initiative sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include New United Neighbors Dev Corp ($429k), Dress for Success Rochester Inc ($429k) and Laurel District Association ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $427k (24% of expenses). Other salaries and wages came to $857k. At year end it held assets of $1.6m against liabilities of $29k, net assets of $1.6m. It reported 19 employees.