Freedom Quilting Bee Legacy

Analysis

Freedom Quilting Bee Legacy is a registered charity in United States, based in Alberta, AL. It received its IRS tax-exemption ruling in June 2021, 5 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 September 2023, Freedom Quilting Bee Legacy reported income of $299k and spending of $123k, leaving 59% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $284k to $299k (+5.4%), an average of +2.7% a year. The sharpest change came in the year to September 2023, when income rose by 235%. Over the whole period it spent 36% 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 Quilting Bee Legacy 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 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Indonesia Muslim Foundation ($299k), Vietnamese American Organization - Vao ($299k) and Great Gulfcoast Arts Festival Inc ($299k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. At year end it held assets of $445k against liabilities of $12k, net assets of $433k. It reported 1 employees.