Quick charity verification for Freedom Co Op Inc (EIN: 203753570)
Verdict: Freedom Co Op Inc has notable concerns
35/100Mission Score
$89KRevenue
$5Assets
5Red Flags
1Strengths
Red Flags
Consistent operational deficits (e.g., $28,637 deficit in 2023)
Extremely low asset base ($5 in latest filing)
Significant increase in liabilities in 2023 ($24,222)
Lack of financial reserves to ensure long-term stability
Revenue has been declining since 2017 ($195,540) to $88,690 currently
Strengths
No reported executive compensation, indicating a volunteer-led or very lean leadership structure.
Spending Breakdown
How Freedom Co Op Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Co Op Inc
Is Freedom Co Op Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Co Op Inc (EIN: 203753570) has notable concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
Is Freedom Co Op Inc a good charity to donate to?
Freedom Co Op Inc has a Mission Score of 35/100. Revenue: $89K. Assets: $5. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freedom Co Op Inc?
The Employer Identification Number (EIN) for Freedom Co Op Inc is 203753570. 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 Co Op Inc spend its money?
Freedom Co Op Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freedom Co Op Inc's tax-exempt status?
You can verify Freedom Co Op Inc's tax-exempt status using EIN 203753570 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 Co Op Inc has demonstrated a concerning trend of operating at a deficit in recent years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $115,840 against revenues of $87,203, resulting in a significant shortfall. This pattern of spending more than it earns is unsustainable and has led to a very low asset base, reported at just $5 in the latest filing, down from $217 in 2023 and $38,598 in 2020. The organization's liabilities have also fluctuated, reaching $24,222 in 2023, which is substantial given its minimal assets.
The organization's financial health appears precarious, with a consistent inability to build or maintain reserves. While the NTEE code P80 suggests a focus on community improvement, the lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising. However, the consistent operational deficits are a major red flag regarding its long-term viability and impact. The absence of officer compensation is a positive note for transparency regarding executive pay, but it doesn't offset the broader financial instability.