Freedom Farm Inc

Analysis

Freedom Farm Inc is a registered charity in United States, based in Coker, AL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Freedom Farm Inc reported income of $4.3m and spending of $241k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $4.3m (+3349%), an average of +3349% a year. The sharpest change came in the year to December 2023, when income rose by 3349%. Over the whole period it spent 5.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom Farm Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Garden Spot Communities ($4.3m), Prairie View Leasing ($4.3m) and Womens Advocates Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.3m against liabilities of $5,699, net assets of $4.3m. It reported 7 employees.