Freed People

Analysis

Freed People is a registered charity in United States, based in Crowley, TX. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Freed People reported income of $825k and spending of $560k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $825k (+1086%), an average of +1086% a year. The sharpest change came in the year to December 2023, when income rose by 1086%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freed People 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include L&b Community Development Corporation ($825k), Barbara Sinatra Childrens Center Foundation ($825k) and Chelsea Piers Foundation ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $209k (37% of expenses). Other salaries and wages came to $12k. At year end it held assets of $289k against liabilities of $0, net assets of $289k. It reported 3 employees.