Freedom Chess Academy Inc

The Freedom Chess Academy Inc is a nonprofit organization designated under the Internal Revenue Code Section 501(c). It falls into the category of amateur sports clubs, leagues, or similar organizations that foster national or international amateur sports competition, excluding the provision of athletic facilities or equipment.

Purpose and Activities

Freedom Chess Academy Inc primarily aims to teach chess to both children and adults. The organization also organizes chess tournaments and promotes chess play through partnerships with other organizations. These efforts contribute to a broader mission of fostering a community around chess, which is often associated with enhancing cognitive skills, strategic thinking, and social interaction.

Financial Overview

As per recent available data, the academy's financial activities are relatively modest, with revenues largely stemming from miscellaneous sources. Contributions and other revenues form a significant part of its income, highlighting the reliance on external support for its operations.

Tax-Exempt Status

Donations to Freedom Chess Academy Inc are tax-deductible, aligning with its status as a tax-exempt organization. However, it is noted that the organization is not listed in the IRS's most recent list of tax-exempt entities, indicating a potential update or issue with its current status.

In general, organizations like Freedom Chess Academy play a crucial role in promoting intellectual and recreational activities within communities, often bridging gaps in educational and cultural programming. Despite limited information on specific impacts or programs, its mission aligns with broader goals of using chess as a tool for personal development and community engagement.