House of Freedom Support Corporation

Analysis

House of Freedom Support Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, House of Freedom Support Corporation reported income of $828k and spending of $1.8m, spending 214% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $17.8m to $828k (-95%), an average of -54% a year. The sharpest change came in the year to June 2023, when income dropped by 86%. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Freedom Support Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Royal Gardens Housing Development Fund Corporation ($827k), Pilgrims Senior Citizens Housing Development Corp ($828k) and Shepherds Farm Senior Housing at West Deptford Inc ($827k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $45.3m against liabilities of $19.0m, net assets of $26.4m.

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.