Joshua M Freeman Foundation is a 501(c)(3) organization based in Selbyville, Delaware, registered in 2009, with $15,313,896 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$15.3M
▲ 17.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$14.3M
Net assets
$8.8M
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 Joshua M Freeman Foundation— 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 Joshua M Freeman Foundation: 7 mo reserves · +6% 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 Joshua M Freeman Foundation— 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 Joshua M Freeman Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.7M (FY2015) to $15.3M (FY2024) across 10 reported years.
Financial snapshot
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.5M
Total liabilities
$625K
Net assets
$8.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $15,313,896▲17.8% | $14,346,886▲20.4% | $8,844,645▲14.4% | $9,469,872▲8.0% | 990 |
| 2023 | $13,002,353▼2.8% | $11,911,753▼1.0% | $7,734,331▲19.4% | $8,764,830▲9.4% | 990 |
| 2022 | $13,377,561▲22.9% | $12,037,421▲50.3% | $6,477,681▲16.7% | $8,014,921▲14.1% | 990 |
| 2021 | $10,885,831▲450% | $8,007,561▲327% | $5,548,761▲108% | $7,026,329▲76.3% | 990 |
| 2020 | $1,980,353▼69.7% | $1,874,958▼70.8% | $2,670,010▲4.1% | $3,985,326▲3.5% | 990 |
| 2019 | $6,532,462▼17.0% | $6,413,707▼35.2% | $2,564,615▲5.0% | $3,852,305▲43.7% | 990 |
| 2018 | $7,867,485▲82.1% | $9,903,026▲131% | $2,441,650▼46.6% | $2,681,666▼44.9% | 990 |
| 2017 | $4,319,930▲31.8% | $4,290,679▲33.9% | $4,570,796▼0.4% | $4,866,186▼0.3% | 990 |
| 2016 | $3,278,493▲21.5% | $3,204,794▲19.8% | $4,589,235▲3.9% | $4,879,265▲8.2% | 990 |
| 2015 | $2,698,502 | $2,676,060 | $4,419,024 | $4,509,986 | 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.
45 grants to Joshua M Freeman Foundation totaling $1.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Data for Joshua M Freeman Foundation (EIN 20-8592383) 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.