Student Freedom Initiative Inc
633 Pennsylvania Ave NW 5th Fl, Washington, DC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $6,005,581 | $6,821,861 | $140,838,625 |
| FY2024 | $5,904,402 | $10,112,603 | $140,465,970 |
| FY2023 | $19,723,286 | $7,282,206 | $145,025,944 |
| FY2022 | $15,285,825 | $5,195,727 | $132,589,003 |
| FY2021 | $75,542,300 | $2,829,869 | $122,766,692 |
| FY2020 | $50,060,000 | $5,739 | $50,054,261 |
Form 990 filings
The returns filed by Student Freedom Initiative Inc (EIN 85-0557522), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,776,205 | 46% |
| Program service revenue | $139,919 | 2% |
| Other revenue | $3,089,457 | 51% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $5,090,160 | 75% |
| Management & general | $1,068,867 | 16% |
| Fundraising | $662,834 | 10% |
What the numbers show
- Other revenue made up 51% of total revenue in FY2025.
- Program services accounted for 75% of functional expenses, management & general 16%, and fundraising 10%.
- 75% of functional expenses went to program services in FY2025. That is higher than 17% of 112 Education organizations in DC.
- Net assets covered about 247.7 months of expenses at the end of the reporting year. That puts it in the 96th percentile among 671 Education organizations in DC.
- Total revenue was higher than 77% of 700 Education organizations in DC.
- Total revenue fell from $50,060,000 in FY2020 to $6,005,581 in FY2025. Revenue increased in 3 and decreased in 2 of 5 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 6 reported years (FY2024, FY2025).
- The highest revenue on record here is $75,542,300 in FY2021.
- Net assets grew from $50,054,261 to $140,838,625 between FY2020 and FY2025.
- Contributions and grants made up 100% of revenue in FY2020 and 46% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE STUDENT FREEDOM INITIATIVE IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).
IRS status
| Ruling year | 2020 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B82 — Education (in DC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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