Freenet Project Inc

EIN: 954864038 501(c)(3) Civil Rights & Advocacy

Austin, TX

Total Revenue
$201,889
Total Expenses
$214,695
Total Assets
$131,694
Net Assets
$131,694
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
Ian Clarke
Phone
5125247255
Tax Period
2025-01-01 to 2025-12-31

Freenet Project Inc, founded in 2000, is a small nonprofit in the Civil Rights & Advocacy sector that reported $202K in total revenue in fiscal year 2025.

Mission

The Freenet Project develops and maintains free, open-source software that enables decentralized communication and information sharing, with the goal of promoting privacy, freedom of expression, and access to information for the public benefit.

Program Service Accomplishments

Program 1
Expenses: $184,293

Virtually all of Freenet's revenue has been used to create the Freenet software, an open source platform designed as a replacement for the world wide web.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $201,825
Program Service Revenue $0
Investment Income $64
Other Revenue $0
TOTAL REVENUE $201,889

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,655
Fundraising Expenses $0
Program Expenses $184,293
Other Expenses $56,040
TOTAL EXPENSES $214,695

Year-over-Year Comparison

2025 2024 Change
Revenue $201,889 $202,567 0.0%
Expenses $214,695 $223,150 0.0%
Net Income $-12,806 $-20,583 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$146,754
Total Directors
3
$146,754
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ian Clarke President & CEO 40.00
Officer Director
$146,754 $0 $146,754
Steven Starr Treasurer 4.00
Officer Director
$0 $0 $0
Michael Grube Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $201,889 $214,695 $131,694 $-12,806
2024 $202,567 $223,150 $144,500 $-20,583
2023 $203,050 $224,351 $165,083 $-21,301
2022 $257,470 $118,943 $186,384 $138,527
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