Foundations of Freedom Inc

Analysis

Foundations of Freedom Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Foundations of Freedom Inc reported income of $244k and spending of $238k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $244k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundations of Freedom Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Connectup ($244k), Isaiahs Soup Kitchen Inc ($244k) and Randy Perry Ministries Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% of the total. Compensation of current officers, directors and key employees was $67k (28% of expenses). At year end it held assets of $16k against liabilities of $0, net assets of $16k.