Ukraine Freedom Fund

Analysis

Ukraine Freedom Fund is a registered charity in United States, based in Afton, WY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Ukraine Freedom Fund reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.9m to $1.5m (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Ukraine Freedom 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 83rd percentile, and in the 88th percentile within WY. Charities of a similar size with the same main cause include Marydel Volunteer Fire Co Inc ($1.5m), Southeastern Adams Volunteer Emergency Services Inc ($1.5m) and Midway Fire & Rescue Department Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $27k in professional fundraising fees. At year end it held assets of $185k against liabilities of $0, net assets of $185k.