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Indiana · Nonprofit

FREEDOM ACADEMY INC

FREEDOM ACADEMY INC (Indiana) receives grants from 5 organizations whose IRS filings report $1,256,703 to it, the largest being DEKKO FOUNDATION INC ($1,098,850). 2 of them have funded it in more than one year.

Revenue FY2025
$1.1M
Funders on record
5
Grants received
$1.3M
Net assets
$677k
2/5 repeat funderspeak grant-dependency 34%
01What it does

What Freedom Academy Inc does

Mission

To enhance the quality of life for those who are willing to enrich their education.

As stated on its FY2025 Form 990.

Program

  1. The organization was established to address the work force and continuing educational needs of the community by providing the necessary training to those individuals who have not had the opportunity to attend a traditional college or technical school. Progam costs incurred with respect to the following classes and number of students served: total served: 843 health/medical - 93 technical - 126 maintenance - 44 leadership/management - 88 safety - 3 tutoring - 105

    $967,098 spentof which $131,936 as grants$739,077 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $967,098.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($909k) Expenses 100 ($990k) Net assets 100 ($588k)2021 Revenue 223 ($2.0M) Expenses 117 ($1.2M) Net assets 251 ($1.5M)2022 Revenue 76 ($695k) Expenses 124 ($1.2M) Net assets 151 ($887k)2023 Revenue 125 ($1.1M) Expenses 130 ($1.3M) Net assets 129 ($759k)2024 Revenue 145 ($1.3M) Expenses 128 ($1.3M) Net assets 139 ($817k)2025 Revenue 123 ($1.1M) Expenses 130 ($1.3M) Net assets 115 ($677k)
202020212022202320242025
Revenue (123)Expenses (130)Net assets (115)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $689k to $1.5M (+122%).

$689k
$1.5M
$939k
$802k
$862k
$699k
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 7%. Grants only. Government contracts and fees sit inside program revenue.

32% of FREEDOM ACADEMY INC’s revenue is contributions — more donation-reliant than the typical peer (16% for the typical peer).

This organization
Typical peer · 1,616 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.

−$81k
’20
$867k
’21
−$529k
’22
−$154k
’23
$44k
’24
−$163k
’25
1.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202020212022202320242025
Listed444664
Joined·+0+0+2+0+0
No longer listed·00002
03Who funds it

Who funds it, year by year

2017 → 2022: the base held at 1 funder, grant income fell $250k → $-150000.

2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FREEDOM ACADEMY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FREEDOM ACADEMY INC leans on a few funders — its largest provides 87% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

87%
largest funder
97%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2019 100% · 2020 100% · 2021 78% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of FREEDOM ACADEMY INC's grant income comes from Indiana funders.

IN

In-state vs out-of-state, by year

’17
’19
’21
Indiana out of state home

Funder states come from each funder’s own filing. $43k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FREEDOM ACADEMY INC's revenue grew 23% between 2020 and 2025.

Operating margin−15% · bottom quartile
Months of reserve1.5mo · bottom quartile
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 1,060 employment nonprofits $1M–$10M, FY2025

Organizations like FREEDOM ACADEMY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

75% of spending goes to programs.

Program 75%Management 25%Fundraising 0%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 1 related entity

  • Community Learning Center · exempt

Screen this organization

A dated, signed PDF of the compliance screen for FREEDOM ACADEMY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FREEDOM ACADEMY INC?
FREEDOM ACADEMY INC (Indiana) receives grants from 5 organizations whose IRS filings report $1,256,703 to it, the largest being DEKKO FOUNDATION INC ($1,098,850). 2 of them have funded it in more than one year.
How many funders does FREEDOM ACADEMY INC have?
IRS filings report 5 organizations giving $1,256,703 in grants to FREEDOM ACADEMY INC, 2 of which have funded it in more than one year.
Who is the largest funder of FREEDOM ACADEMY INC?
DEKKO FOUNDATION INC is the largest funder on record, with $1,098,850 in grants. The full list of funders is on this page.
How can an organization like FREEDOM ACADEMY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing