P โ€” Human ServicesEIN: 222532804ยท Ruling Year: 1985

Project Freedom Inc

Lawrenceville, New Jersey

BHealth Score
63B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$3.1M
Total Revenue
๐Ÿ“Š
$2.2M
Total Expenses
๐Ÿฆ
$6.5M
Net Assets
๐Ÿ“‹
$9.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+154.1%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+28.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.90
Net assets divided by total expenses
Liabilities-to-Assets
58.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,146,732โ†‘154%$2,245,265$15,492,075โ†‘3%
2022$1,238,585โ†“59%$2,249,242โ†‘13%$15,085,002โ†“4%
2021$3,011,195โ†“9%$1,989,509โ†‘18%$15,651,251โ†‘6%
2020$3,325,760โ†‘208%$1,688,228โ†‘10%$14,832,610โ†‘14%
2019$1,078,314โ†“25%$1,533,169โ†‘2%$13,012,203
2018$1,442,992โ†‘71%$1,499,036โ†‘3%$12,962,768โ†“4%
2017$844,848โ†“35%$1,459,297โ†‘26%$13,550,141โ†“2%
2016$1,293,271โ†“57%$1,159,874โ†‘9%$13,794,186โ†‘1%
2015$3,020,298โ†‘55%$1,065,658โ†“4%$13,600,364โ†‘21%
2014$1,942,656โ†‘134%$1,112,960$11,244,354โ†‘51%
2013$830,267โ†“43%$1,108,901โ†‘16%$7,460,921โ†‘46%
2012$1,457,783โ†‘153%$957,887โ†‘9%$5,125,081โ†‘6%
2011$577,061$879,417$4,840,254

Frequently Asked Questions

What does Project Freedom Inc do?โ–ผ

Project Freedom Inc is a human services nonprofit organization based in New Jersey. It is classified under NTEE code P820 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Project Freedom Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Project Freedom Inc has a score of 63/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Project Freedom Inc generate?โ–ผ

Project Freedom Inc reports $2.7M in annual revenue and holds $18.4M in total assets, based on IRS filings.

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Project Freedom Inc โ€” Lawrenceville, NJ | GiveScope