Is Freedman Family Fund Legit?

Spending Breakdown

How Freedman Family Fund allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Freedman Family Fund

Is Freedman Family Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Freedman Family Fund (EIN: 133486425) has notable concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.

Is Freedman Family Fund a good charity to donate to?

Freedman Family Fund has a Mission Score of 30/100. Revenue: $212K. Assets: $228K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Freedman Family Fund?

The Employer Identification Number (EIN) for Freedman Family Fund is 133486425. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Freedman Family Fund spend its money?

Freedman Family Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Freedman Family Fund's tax-exempt status?

You can verify Freedman Family Fund's tax-exempt status using EIN 133486425 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Freedman Family Fund exhibits a concerning financial trend, with consistent and significant operating deficits over the past decade. In the latest reported period (202312), the organization generated $45,954 in revenue but incurred $145,723 in expenses, resulting in a deficit of nearly $100,000. This pattern is not new; for example, in 202212, revenue was $8,642 against $195,117 in expenses. This continuous spending beyond its income has led to a substantial decline in its asset base, from $1,918,547 in 201112 to $286,591 in 202312. While the organization reports 0% officer compensation, which is a positive for transparency regarding executive pay, the overall financial sustainability is highly questionable given the persistent erosion of assets.

The consistent decline in assets suggests that the fund is liquidating its principal to cover operational costs or grantmaking, rather than operating on investment income or new contributions. This model is unsustainable in the long term. Without more detailed expense breakdowns (e.g., program vs. administrative vs. fundraising), it's difficult to assess spending efficiency precisely. However, the fundamental issue is the large and recurring gap between revenue and expenses, which has depleted its financial reserves significantly. The lack of liabilities reported across all periods is a minor positive, indicating it's not accumulating debt, but this is overshadowed by the asset depletion.

Verdict: Freedman Family Fund has notable concerns

Red Flags

Strengths