Freedom Community Center

Analysis

Freedom Community Center is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Freedom Community Center reported income of $1.4m and spending of $1.4m, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $2.0m to $1.4m (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freedom Community Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Chamber Foundation ($1.4m), Nebraska Housing Developers Association ($1.4m) and Tamarlane Industries ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (7.9% of expenses). Other salaries and wages came to $655k. At year end it held assets of $1.7m against liabilities of $116k, net assets of $1.6m. It reported 18 employees.