Freedom in Me Business Showers

Analysis

Freedom in Me Business Showers is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom in Me Business Showers reported income of $149k and spending of $203k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $149k (+13%), an average of +13% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freedom in Me Business Showers sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Clovis Culinary Center ($149k), NC Project Lead ($149k) and Love Our Cities Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.