Freedom Teams Inc

Analysis

Freedom Teams Inc is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Freedom Teams Inc reported income of $405k and spending of $124k, leaving 69% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $59k to $405k (+590%), an average of +590% a year. The sharpest change came in the year to February 2024, when income rose by 590%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Teams Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Noahs House Inc ($405k), Houses Into Homes ($405k) and Network Delaware Inc ($405k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $300k.