Freenet Project Inc

Analysis

Freenet Project Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Freenet Project Inc reported income of $203k and spending of $224k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $257k to $203k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 74% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Freenet Project Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Shield Regional Training Consortium ($203k), Air Support Angels Foundation ($203k) and Tulare County Child Protection Coordinating Council ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $132k (59% of expenses). At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 1 employees.