Nonprofit screen
Screen a listFreedom Reads Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$3.6Mrevenue
FY202422staff
3 of 3years filed
’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−67.9%
Months of reserve18.4mo
Revenue growth (annualized)−23.6%
Middle half of peersMedianFreedom Reads
Where the money goes FY2024 · $6.1M spent
Programs$4.5M74%Management and general$1.0M17%Fundraising$542k9%990 FY2024 · Part IX line 25
Worth checking1
A funder worth 12% of revenue stopped after FY2022
Resource Impact gave $713k in FY2022, 12% of revenue that year.
Funders’ 990-PF grant listsIn its favor1
Strong governance
12 of 13 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements.
990 Part VI67funders
$4.0Ma year, last 3 years
61%from its largest funder
Funder’21’22’23The Andrew W Mellon FoundationSince FY2022$2.3M$5.0MThe Ford FoundationNew in FY2023$1.0MResource ImpactOn and off$713kThe Hearthland FoundationSince FY2022$100k$250kDune Road Foundation IncSince FY2022$50k$250kPublic Welfare Foundation IncOn and off$300kDonor-advised giftsDonors not disclosed$40k$867k27 other fundersUp to $300k a year each$267k$549k$337k
FundedThrough a donor-advised fund