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Freedom Communities

EIN 82-2329303 · Charlotte, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE DRIVE HOLISTIC FAMILY AND COMMUNITY TRANSFORMATION THROUGH INNOVATIVE PROGRAMS AND REAL ESTATE INVESTMENTS IN THE FREEDOM DRIVE CORRIDOR.

Income
$5.1 million
Spending
$2.1 million
Spent on programs
78%
Reserves
11.3 months of spending
Largest source of income
donations and private grants, 76%
Employees
18
Volunteers
200
Highest pay
$146,856, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 76% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.3 months of spending.

  • Debt

    16 of 20

    It owes 29% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 59% of income.

  • Income trend

    15 of 15

    Income rose 107% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 39% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $847,555 spent. FAMILY STABILITY: FREEDOM COMMUNITIES' MOMS MOVING FORWARD PROGRAM (MMF) TAKES A HOLISTIC AND COMMUNITY-BASED APPROACH TO DRIVE UPWARD MOBILITY AND FAMILY STABILITY FOR SINGLE MOTHERS AND THEIR CHILDREN. DURING OUR PAID 12 MONTH PROGRAM, WE WORK SIMULTANEOUSLY WITH EACH PARTICIPANT AND HER CHILD (REN), CONNECTING THEM TO HOLISTIC RESOURCES AS THEY BUILD A NETWORK OF SUPPORT WITH OTHER FAMILIES. AFTER LAUNCHING THE PROGRAM IN JULY OF 2020, WE HAVE SUCCESSFULLY LAUNCHED 11 COHORTS OF THE PROGRAM AND GRADUATED 9, IMPACTING 503 WOMEN AND CHILDREN.
  2. $275,862 spent. EARLY EDUCATION: WE CENTER OUR PROGRAMMATIC WORK AROUND A TWO-GENERATION APPROACH COMBINING PARENT AND CHILD INTERVENTIONS TO BUILD FAMILY STRENGTH AND OPTIMAL CHILD DEVELOPMENT. WE PARTNER WITH MOTHERS IN OUR MOMS MOVING FORWARD PROGRAM, LINKING EACH MOTHER TO HOLISTIC RESOURCES TO SUPPORT THE EDUCATIONAL SUCCESS OF HER CHILD(REN). UPON LEARNING THAT THE CORRIDOR WAS A "CHILDCARE DESERT" FOR AGES 0-3, WE PARTNERED WITH A LOCAL LEADER AND PRESCHOOL PROVIDER RESPONSIBLE FOR GENERATING THE BEST READERS IN OUR NEIGHBORHOOD SCHOOLS TO EXPAND HER EXISTING CENTER ON-SITE AT OUR TUCK OPPORTUNITY HUB. THE CENTER OPENED IN JANUARY OF 2022 WITH SPACE FOR 77 CHILDREN.
  3. $520,493 spent. HOUSING & ECONOMIC DEVELOPMENT: WE ARE PLACE-BASED, INTENTIONALLY LIMITING OUR GEOGRAPHIC SERVICE AREA TO GO DEEP AND WORK HOLISTICALLY WITH FAMILIES. WITH A TAGLINE OF "FAMILY-CENTERED COMMUNITY TRANSFORMATION", WE INVEST SIMULTANEOUSLY IN FAMILIES AND IN INFRASTRUCTURE SO THAT AS FAMILIES TRANSFORM, THEIR COMMUNITY DOES TOO. BEYOND MMF, WE CONTINUE TO INVEST IN THE DEVELOPMENT OF THE FREEDOM DRIVE CORRIDOR TO CREATE AN ENVIRONMENT IN WHICH ALL FAMILIES CAN THRIVE. WE HAVE LEVERAGED CROSS-SECTOR PARTNERSHIPS TO CREATE AFFORDABLE RENTAL AND HOMEOWNERSHIP OPPORTUNITIES. IN AUGUST 2024, WE LAUNCHED THE FREEDOM BUSINESS COLLECTIVE, A SMALL BUSINESS HUB PROVIDING AFFORDABLE OFFICE SPACE, NETWORKING EVENTS, AND EDUCATION/TRAINING TO SMALL BUSINESS OWNERS ON CHARLOTTE'S WEST SIDE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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