The Pete du Pont Freedom Foundation LLC

Analysis

The Pete du Pont Freedom Foundation LLC is a registered charity in United States, based in Montchanin, DE. It received its IRS tax-exemption ruling in August 2017, 9 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, The Pete du Pont Freedom Foundation LLC reported income of $896k and spending of $1.1m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $896k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pete du Pont Freedom Foundation LLC sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within DE. Charities of a similar size with the same main cause include Colquitt Regional Medical Foundation Inc ($896k), Hillel Foundation at the University of Arizona ($896k) and Ma-Yi Filipino Theatre Ensemble Inc ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $110k (10.0% of expenses). Other salaries and wages came to $136k. At year end it held assets of $617k against liabilities of $477k, net assets of $140k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.