Freedom Philanthropies Inc

Analysis

Freedom Philanthropies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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 2022, Freedom Philanthropies Inc reported income of $2.6m and spending of $2.0m, leaving 24% of income unspent that year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freedom Philanthropies Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Yavapai Rehabilitation Center ($2.6m), Mobility Management Partners Inc ($2.6m) and Kid Zone Child Care Center ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.