Freedom Hoops

Analysis

Freedom Hoops is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Freedom Hoops reported income of $401k and spending of $347k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $316k to $401k (+27%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Freedom Hoops sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include The Mentor Connector ($401k), James B Washington Education and Sports Inc ($401k) and The Mentors Project of Bibb County Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $98k. At year end it held assets of $507k against liabilities of $170, net assets of $506k. It reported 7 employees.