Public Charity

FREEDOMWORKS FOUNDATION INC

FREEDOMWORKS FOUNDATION INC is a nonprofit organization categorized as Public Charity based in HAYMARKET, VA. Its most recent IRS filing (2024) reports revenue of $920K, expenses of $2.5M. Imperigo tracks 64 reported grant relationships connected to this organization totaling approximately $11.5M.

EIN: 521526916 HAYMARKET, VA Latest filing: 2024
Total Revenue$920K
Total Expenses$2.5M
Grant Records64
Funding Total$11.5M
Filing Years2020–2024

Mission

THE MISSION OF FREEDOMWORKS FOUNDATION IS TO EDUCATE AND EMPOWER AMERICANS WITH THE PRINCIPLES OF INDIVIDUAL LIBERTY, SMALL GOVERNMENT, AND FREE MARKETS. EDUCATION IS THE ANIMATING FORCE THAT INFORMS THE DAILY ACTIVITIES AT FREEDOMWORKS FOUNDATION. THE ORGANIZATION WAS FOUNDED IN 1984 ON THE CAMPUS OF GEORGE MASON UNIVERSITY-A CENTER FOR AMERICAN FREE-MARKET ECONOMIC THOUGHT. SINCE THOSE EARLY DAYS, WE HAVE CONTINUED TO PURSUE A GOAL OF PRESERVING LIBERTY BY EDUCATION AMERICANS ABOUT FREE-MARKETS, LIMITED GOVERNMENT, AND INDIVIDUAL LIBERTY.

Where $100 goes at Freedomworks Foundation Inc

How Freedomworks Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$86 Programs the work itself
$9 Management running the organization
$5 Fundraising raising the next dollar

Inside the $86 for programs

$82
Center for economic freedom
95% of program spending
$2
Freedomworks Foundation's building education for students together (best) program works to educate and mobilize activists to become involved in the education of their children and the broader community
3% of program spending
$2
Regulatory action
2% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Adam Brandon
BOARD MEMBER Betsy Albaugh
BOARD MEMBER Joan Carter
BOARD MEMBER Marilyn Hayden
BOARD MEMBER Nicola Opdycke
SECRETARY Parissa Sedghi Fornwalt

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,199,136 39 grants
Civil Rights & Social Justice
$875,000 4 grants
Education
$282,500 4 grants
Human & Social Services
$200,000 2 grants
Training & Professional Development
$164,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $920K $2.5M —
2023 $4.6M $4.6M $1.8M
2022 $7.2M $8.4M $1.7M
2021 $7.5M $8.6M $3.3M
2020 $8.4M $6.8M $3.9M

Between 2020 and 2024, reported annual revenue declined from $8.4M to $920K (-89%).

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FREEDOMWORKS FOUNDATION INC

Complete financials, all 64 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

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