Freewill Impact Fund

Analysis

Freewill Impact Fund is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Freewill Impact Fund reported income of $5.7m and spending of $5.7m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $5.7m (+377%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Freewill Impact Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Buckingham Foundation Inc ($5.7m), Mile High Kids and Community Development Inc ($5.7m) and McPherson County Community Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $2,890.