Free the Work

Analysis

Free the Work is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Free the Work reported income of $2.6m and spending of $2.9m, spending 112% of what it took in. The sharpest change came in the year to December 2022, when income rose by 1307%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Free the Work 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Communities in Partnership ($2.6m), Heartland Industries Incorporated ($2.6m) and Jevs Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $327k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 23 employees.