Freedom Preparatory Inc

Analysis

Freedom Preparatory Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Freedom Preparatory Inc reported income of $688k and spending of $665k, spending 97% of its income. Across the 2 years on record, from December 2022 to June 2024, income grew from $244k to $688k (+182%), an average of +182% a year. The sharpest change came in the year to June 2024, when income rose by 182%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freedom Preparatory Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within KS. Charities of a similar size with the same main cause include Jose Valdes Math Foundation ($688k), Midwest Nursing Research Society Inc ($688k) and School of Dreams Education Foundation ($688k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $460k. At year end it held assets of $110k against liabilities of $0, net assets of $110k.