Crime & Legal-Related
(I40)
IRS Verified
DX Registered
990 on File
FREEDOM PROJECT
Financial strength (30%)
67/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Freedom Project works alongside the community to dismantle the institution of mass incarceration and heal its traumatic effects on people targeted and impacted by incarceration, on their loved ones, and on our community. As a community-centered and culturally-responsive organization, we come from, are in, and are directed by the community we seek to serve - Black, Indigenous, and Communities of Color who have been impacted by mass incarceration. We create space for collective healing and liberation by seeing each other for our humanity, meeting needs as defined by individuals and by the community, and amplifying the power that already exists among us.
Financial Overview — FY 2023
$3.8M
Total Revenue
$3.8M
Total Expenses
$2.5M
Net Assets
26
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
93.9%
Fundraising Efficiency
N/A
Operating Reserve
7.96x
Liability-to-Asset
17.3%
Revenue Diversification
99.4%
Compared with Peers
FY 2023
Compared with 1,197 similar organizations
(United States, Crime & Legal-Related, $1M–$10M in expenses), FY 2023.
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
|
93.9% | 83.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.0% | 12.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 1.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.0 mo | 7.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
17.3% | 16.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.4% | 96.9% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-26.6% | 9.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
2.1% | 12.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.3% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $3.8M | $3.8M | $2.5M | 93.9% | 26 |
| 2022 | $5.1M | $3.7M | $2.1M | 89.9% | 27 |
| 2021 | $7.2M | $3.0M | N/A | — | 27 |
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