Foundations of Freedom

Analysis

Foundations of Freedom is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Foundations of Freedom reported income of $512k and spending of $722k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $915k to $512k (-44%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Foundations of Freedom sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Arkansas Paws in Prison ($511k), Boise Pride Festival ($512k) and Midwest Native Coalition for Justice and Peace ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $204k (28% of expenses). At year end it held assets of $277k against liabilities of $206k, net assets of $72k.