Freedom Co-op Inc is a 501(c)(3) organization based in Memphis, Tennessee, registered in 2011, with $88,690 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$89K
▲ 1.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$90K
Net assets
-$25K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Freedom Co-op Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Freedom Co-op Inc: 0 mo reserves · -1% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Freedom Co-op Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Freedom Co-op Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $148K (FY2018) to $89K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
-1.0%
Spent more than it raised in the latest fiscal year.
Total assets
$5
Total liabilities
$25K
Net assets
-$25K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,690▲1.7% | $89,570▼22.7% | -$24,885▼3.7% | $5▼97.7% | 990 |
| 2023 | $87,203▲6.6% | $115,840▲23.1% | -$24,005 | $217 | 990 |
| 2022 | $81,794▲11.0% | $94,090▼15.0% | $0▲100% | $0▼100% | 990 |
| 2021 | $73,680▼23.2% | $110,676▼4.8% | -$2,623▼108% | $2,007▼94.8% | 990 |
| 2020 | $95,885▼16.6% | $116,273▼0.3% | $34,373▼37.2% | $38,598▼34.8% | 990 |
| 2019 | $114,906▼22.5% | $116,667▼18.4% | $54,737▼3.1% | $59,178▼3.0% | 990 |
| 2018 | $148,233 | $143,023 | $56,497 | $61,006 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Freedom Co-op Inc (EIN 20-3753570) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.