Lack of detailed expense breakdown in provided data prevents granular analysis of spending efficiency beyond executive compensation.
Strengths
Consistent revenue growth, from $556,119 in 2019 to $839,154 in 2023, demonstrating increasing support.
Significant asset growth, more than doubling from $449,051 in 2019 to $1,014,290 in 2023, indicating strong financial health.
Zero reported officer compensation across all 13 filings, highlighting a strong commitment to mission and efficient use of funds.
Positive net income in recent years (e.g., $839,154 revenue vs. $670,050 expenses in 2023), contributing to financial stability.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($1,014,290 assets vs. $386,780 liabilities in 2023).
Spending Breakdown
How Freedom Farm Ministries allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Farm Ministries
Is Freedom Farm Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Farm Ministries (EIN: 205659740) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Freedom Farm Ministries a good charity to donate to?
Freedom Farm Ministries has a Mission Score of 85/100. Revenue: $1.7M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freedom Farm Ministries?
The Employer Identification Number (EIN) for Freedom Farm Ministries is 205659740. 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 Farm Ministries spend its money?
Freedom Farm Ministries allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freedom Farm Ministries's tax-exempt status?
You can verify Freedom Farm Ministries's tax-exempt status using EIN 205659740 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 Farm Ministries demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating increasing support and capacity. In the latest filing (202312), the organization reported revenue of $839,154 against expenses of $670,050, resulting in a surplus that contributes to asset growth. The organization's assets have more than doubled from $449,051 in 2019 to $1,014,290 in 2023, suggesting sound financial management and reinvestment into its mission.
The organization appears to be financially healthy, with a positive net income in recent years. The absence of reported officer compensation across all available filings is a significant indicator of transparency and a strong commitment to directing funds towards programmatic activities rather than executive salaries. This practice, combined with consistent asset growth, suggests a well-managed and fiscally responsible operation.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trends point to an organization that is growing its financial base and maintaining a lean operational structure, particularly concerning executive pay. Further analysis of detailed expense categories from the full 990 forms would provide a more granular view of spending efficiency.