Recreation & Sports
(N67)
IRS Verified
DX Registered
990 on File
FREEDOM WATERS FOUNDATION INC
Financial strength (30%)
56/100
Reliability (20%)
55/100
Effectiveness (25%)
66/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
To harness the healing power of the water to create freedom, belonging, and hope for children and adults with disabilities and the veterans who served our nation through therapeutic boating.
Financial Overview — FY 2025
$539K
Total Revenue
$1.1M
Total Expenses
$731K
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
64.2%
Fundraising Efficiency
143.3%
Operating Reserve
8.00x
Liability-to-Asset
0.8%
Revenue Diversification
81.0%
Executive Compensation
$277K
Compared with Peers
FY 2025
Compared with 967 similar organizations
(United States, Recreation & Sports, $1M–$10M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
64.2% | 87.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 9.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
20.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
143.3% | 10.1% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.0 mo | 7.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.8% | 11.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
81.0% | 90.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-65.4% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
58.1% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-103.8% | 2.7% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Reduced anxiety and increased confidence and connection for those served. | 4,200 | $250.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $539K | $1.1M | $731K | 64.2% | 12 |
| 2024 | $1.6M | $694K | $1.3M | 62.4% | 7 |
| 2023 | $601K | $713K | $428K | 29.5% | 3 |
| 2022 | $594K | $585K | $534K | 29.2% | 7 |
| 2021 | $674K | $570K | $525K | 50.4% | 5 |
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