Freedom Bridge to Recovery II Inc

Analysis

Freedom Bridge to Recovery II Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom Bridge to Recovery II Inc reported income of $202k and spending of $195k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $202k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom Bridge to Recovery II Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Fiesta de Las Flores Hispanic Culture Center Inc ($202k), Emergency Housing and Advocacy Program Inc ($202k) and Buffalo Peace House ($202k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.