Freelux Project

Analysis

Freelux Project is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Freelux Project reported income of $194k and spending of $203k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $194k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freelux Project sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Earthwide Surgical Foundation ($194k), Forestville Pregnancy Center Inc ($194k) and Fourth District Dental Society ($194k).

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 $9,413 against liabilities of $2,500, net assets of $6,913.