Freedom Shield Foundation

Analysis

Freedom Shield Foundation is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2021, Freedom Shield Foundation reported income of $2.7m and spending of $2.3m, spending 87% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $553k to $2.7m (+383%), an average of +382% a year. The sharpest change came in the year to December 2021, when income rose by 383%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freedom Shield Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Chosen Vale Inc ($2.7m), Provincetown Art Association and Museum Inc ($2.7m) and Truthout ($2.7m).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. At year end it held assets of $366k against liabilities of $81k, net assets of $285k.