Freetown Village Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 1985, with $406,571 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$407K
▼ 30.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$303K
Net assets
$639K
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 Freetown Village 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 Freetown Village Inc: 25 mo reserves · +25% 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 Freetown Village 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 Freetown Village Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $100K (FY2015) to $407K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
25.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$827K
Total liabilities
$188K
Net assets
$639K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $406,571▼30.8% | $303,397▲53.0% | $639,050▲19.3% | $826,579▲14.4% | 990 |
| 2023 | $587,449▲190% | $198,287▲4.3% | $535,876▲265% | $722,683▲118% | 990 |
| 2022 | $202,652▼1.5% | $190,139▼2.3% | $146,714▲9.3% | $331,407▲2.4% | 990 |
| 2021 | $205,773▼39.9% | $194,632▲94.2% | $134,201▲9.1% | $323,640▲6.0% | 990 |
| 2020 | $342,303▲143% | $100,203▼31.5% | $123,060▲203% | $305,323▲587% | 990 |
| 2019 | $140,745▲12.1% | $146,275▲4.6% | -$119,040▼4.9% | $44,447▲16.0% | 990EZ |
| 2018 | $125,557▲6.6% | $139,810▼7.3% | -$113,510▼14.4% | $38,320▲72.1% | 990EZ |
| 2017 | $117,757▼12.9% | $150,740▲9.4% | -$99,257▼49.8% | $22,262▼51.0% | 990EZ |
| 2016 | $135,215▲34.9% | $137,758▲1.8% | -$66,274▼4.0% | $45,436▲58.3% | 990EZ |
| 2015 | $100,234 | $135,378 | -$63,731 | $28,704 | 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.
13 grants to Freetown Village Inc totaling $439K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Urban League Inc | Direct grants to small businesses | 2024 | $100,000 |
| Central Indiana Community Foundation Inc | Lifting up through song and theater | 2024 | $20,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $17,277 |
| National Urban League Inc | Direct grants to small businesses | 2023 | $100,000 |
| Indianapolis Foundation Inc | To be used at the organization's discretion | 2023 | $52,000 |
| Central Indiana Community Foundation Inc | Program operating support | 2023 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Central Indiana Community Foundation Inc | Program operating support | 2022 | $20,000 |
| Charities Aid Foundation America | Charitable donation | 2022 | $7,277 |
| Indianapolis Foundation Inc | It takes a village summer camp | 2022 | $5,500 |
| Central Indiana Community Foundation Inc | Education programs and outreach coordinator | 2021 | $47,336 |
| Indianapolis Foundation Inc | It takes a village summer camp | 2020 | $38,000 |
| Indianapolis Foundation Inc | Freetown village summer camp | 2019 | $17,000 |
Explore more
Data for Freetown Village Inc (EIN 35-1609921) 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.