Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990; $15K paid to officers and key staff.
Eric Brakey’s $90K as Executive Director is at the 70th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Eric Brakey | $90,000 | $68,250 | $3,750 | — | — |
| Rebecca Thompson | — | — | $44,625 | $49,845 | — |
| Vince Perfetto | — | — | — | — | $14,658 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Educates the public on limited government benefits and how to achieve them in New Hampshire.
Questions for Free State Project INC
Your first name shows with your question. Free State Project INC answers here, for everyone.
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Free state project increased its outreach to various individuals and organizations by providing education and information about its mission primarily through its two major programs - liberty forum and porcupine festival.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $27K | $42K |
| Total assetsLn 16 | $48K | $62K |
| LiabilitiesLn 26 | $192 | $146 |
| Net assetsLn 32 | $48K | $62K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $15K | $15K | ||
| Legal feesLn 11b | $230 | $230 | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Advertising and promotionLn 12 | $16K | $16K | ||
| Office expensesLn 13 | $25K | $14K | $11K | |
| Information technologyLn 14 | $5K | $5K | ||
| TravelLn 17 | $30K | $30K | ||
| Conferences, conventions and meetingsLn 19 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $1K | $667 | $520 | |
| Total functional expensesLn 25 | $112K | $86K | $26K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $506K | $521K | −$15K | $150K | 990 PDF |
| FY2024 | $318K | $371K | −$53K | $171K | 990 PDF |
| FY2023 | $257K | $265K | −$8K | $225K | 990 PDF |
| FY2022 | $232K | $236K | −$4K | $233K | 990 PDF |
| FY2021 | $299K | $124K | $175K | $237K | 990 PDF |
| FY2020 Viewing | $126K | $112K | $14K | $62K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $125,732 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $125,732 across 5 lines filed
Part IX · Statement of functional expenses $111,735 across 9 lines filed
Part X · Balance sheet $61,873 assets, 9 lines filed
Part XI · Reconciliation of net assets $61,727 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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