Increasing liabilities from $984 in 2018 to $33,649 in 2023, which, while not disproportionate to assets, warrants monitoring.
Strengths
Consistent revenue growth, from $74,554 in 2015 to $293,015 in 2023.
0% officer compensation reported across all filings, indicating high efficiency and volunteer engagement.
Consistent filing of IRS Form 990s for 14 periods, demonstrating strong transparency and compliance.
Positive net assets, growing from $8,901 in 2018 to $87,491 in 2023, indicating financial stability.
Spending Breakdown
How Freedom Challenge Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Freedom Challenge Inc
Is Freedom Challenge Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Challenge Inc (EIN: 203485264) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Freedom Challenge Inc a good charity to donate to?
Freedom Challenge Inc has a Mission Score of 85/100. Revenue: $220K. Assets: $97K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freedom Challenge Inc?
The Employer Identification Number (EIN) for Freedom Challenge Inc is 203485264. 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 Freedom Challenge Inc spend its money?
Freedom Challenge Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freedom Challenge Inc's tax-exempt status?
You can verify Freedom Challenge Inc's tax-exempt status using EIN 203485264 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
Freedom Challenge Inc demonstrates consistent financial growth over the past several years, with revenue increasing from $74,554 in 2015 to $293,015 in 2023. The organization maintains a lean operational structure, as evidenced by 0% officer compensation reported across all available filings, suggesting a volunteer-driven or very low-cost leadership model. While the organization's assets have fluctuated, they have shown an upward trend, reaching $87,491 in 2023, indicating some financial stability. Liabilities have also increased, reaching $33,649 in 2023, which warrants monitoring but is not disproportionate to assets.
The organization's spending efficiency appears strong, with expenses generally tracking closely to revenue, indicating that most funds are being deployed for its mission. The absence of reported officer compensation is a significant positive for transparency and efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and transparency.