Charity Search / BOUND FOR FREEDOM INC
Mental Health & Crisis Intervention (F22Z) 990 on File

BOUND FOR FREEDOM INC

EIN: 56-1461053 · CHARLOTTE, NC 28205-5609 · United States · FY 2024 Data
3 out of 5 46 / 100 Based on 2+ years of filings
Financial strength (30%) 66/100
Reliability (20%) 55/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$80K
Total Revenue
$71K
Total Expenses
$50K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 8.42x
Liability-to-Asset N/A
Revenue Diversification 99.6%
Compared with Peers
FY 2024
Compared with 1,920 similar organizations (United States, Mental Health & Crisis Intervention, under $100K in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 80.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
8.4 mo 10.6 mo
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
99.6% 100.0%
P10P90
Above median
Revenue growth
Year over year revenue growth
143.1% -2.1%
P10P90
Expense growth
Year over year expense growth
108.2% -0.1%
P10P90
Surplus margin
Surplus as a share of revenue
10.9% 7.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $80K $71K $50K 100.0%
2023 $33K $34K $41K 100.0%
2022 $149K $62K N/A 1
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Organization Details
EIN
56-1461053
State
NC
City
CHARLOTTE
ZIP
28205-5609
Classification
F22Z
Category
Mental Health & Crisis Intervention
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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