Freedom Project is a 501(c)(3) organization based in Renton, Washington, registered in 2006, with $3,562,331 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$3.6M
▼ 5.3% vs prior year
Crime & Legal median: $309K
Expenses (FY2024)
$3.5M
Net assets
$2.4M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Project— 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 Project: 8 mo reserves · +2% margin earns a A 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 Project— 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 Project: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $92K (FY2014) to $3.6M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.2M
Total liabilities
$845K
Net assets
$2.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,562,331▼5.3% | $3,487,711▼7.6% | $2,395,364▼4.4% | $3,240,717▲7.0% | 990 |
| 2023 | $3,762,909▼26.6% | $3,774,728▲2.1% | $2,505,152▲19.8% | $3,028,627▲35.8% | 990 |
| 2022 | $5,125,541▲38.9% | $3,697,232▲21.2% | $2,091,322 | $2,230,563▲83.3% | 990 |
| 2021 | $3,690,803▲21.0% | $3,049,587▲4.2% | $0▼100% | $1,216,921▼10.1% | 990 |
| 2020 | $3,051,245▲1065% | $2,927,204▲857% | $59,852▲193% | $1,354,271▲6741% | 990 |
| 2019 | $261,829▲15.5% | $305,783▲16.1% | -$64,189▼217% | $19,795▲42.7% | 990 |
| 2018 | $226,605▼14.3% | $263,414▲9.7% | -$20,235▼222% | $13,874▼22.9% | 990 |
| 2017 | $264,475▲32.5% | $240,067▲6.0% | $16,574▲300% | $17,998▲37.9% | 990 |
| 2016 | $199,548▲14.6% | $226,546▲20.4% | -$8,300▼144% | $13,050▼35.7% | 990EZ |
| 2015 | $174,139▲89.0% | $188,222▲63.2% | $18,698▼43.0% | $20,285▼38.9% | 990EZ |
| 2014 | $92,133 | $115,355 | $32,781 | $33,203 | 990EZ |
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.
44 grants to Freedom Project totaling $2.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Inatai Foundation | General operating support | 2024 | $750,000 |
| The Seattle Foundation | To provide general support | 2024 | $30,000 |
| The Seattle Foundation | To provide project support | 2024 | $5,000 |
| The Seattle Foundation | To provide general support. | 2023 | $30,000 |
| The Seattle Foundation | Nonprofit effectiveness 2023 | 2023 | $25,000 |
| The Seattle Foundation | Voter education fund multiyear 2023-2024 | 2023 | $20,000 |
| American Online Giving Foundation Inc | General support | 2023 | $13,746 |
| Donor Advised Charitable Giving | Human services | 2023 | $10,300 |
| The Seattle Foundation | To support freedom project's 2022 coo spc work | 2022 | $91,000 |
| The Seattle Foundation | To support freedom project's 2022 coo spc work | 2022 | $46,750 |
| The Seattle Foundation | To provide general support | 2022 | $30,000 |
| The Seattle Foundation | To support capacity building and community building efforts that build power and resources for bipoc communities | 2022 | $25,000 |
| American Online Giving Foundation Inc | General support | 2022 | $21,445 |
| Donor Advised Charitable Giving | Human services | 2022 | $8,150 |
| The Seattle Foundation | To support rooted re-entry collective support of formerly incarcerated black indigenous and people of color | 2022 | $7,500 |
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Data for Freedom Project (EIN 91-2129474) 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.