Freedmen Heirs Foundation Inc

Analysis

Freedmen Heirs Foundation Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Freedmen Heirs Foundation Inc reported income of $185k and spending of $371k, spending 200% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $550k to $185k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedmen Heirs Foundation Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include K9 Care Montana Inc ($185k), Ebby Halliday Foundation ($185k) and Hdpi Inc ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $357k against liabilities of $0, net assets of $357k.