Freedom Folk and Soul Inc Rising

Analysis

Freedom Folk and Soul Inc Rising is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Folk and Soul Inc Rising reported income of $309k and spending of $300k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $147k to $309k (+111%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freedom Folk and Soul Inc Rising sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include In Grace Mission ($309k), Iglesia de Dios Camino de Santidad Canoga Park ($309k) and Midland Soup Kitchen Ministry ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.