Quick charity verification for Freedom Waters Foundation Inc (EIN: 204513735)
Verdict: Freedom Waters Foundation Inc appears trustworthy
95/100Mission Score
$2.5MRevenue
$1.3MAssets
1Red Flags
4Strengths
Red Flags
Experienced a deficit in 2023, with expenses ($713,262) exceeding revenue ($601,094).
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency.
Strong financial stability with assets generally exceeding liabilities (e.g., $427,732 assets and $0 liabilities in 2023).
Significant revenue growth over the past decade, from $115,509 in 2014 to $601,094 in 2023.
No reported liabilities in most recent filings (e.g., 2023, 2022, 2021, 2019, 2018, 2017, 2016).
Spending Breakdown
How Freedom Waters Foundation Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Waters Foundation Inc
Is Freedom Waters Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Waters Foundation Inc (EIN: 204513735) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Freedom Waters Foundation Inc a good charity to donate to?
Freedom Waters Foundation Inc has a Mission Score of 95/100. Revenue: $2.5M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freedom Waters Foundation Inc?
The Employer Identification Number (EIN) for Freedom Waters Foundation Inc is 204513735. 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 Waters Foundation Inc spend its money?
Freedom Waters Foundation Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freedom Waters Foundation Inc's tax-exempt status?
You can verify Freedom Waters Foundation Inc's tax-exempt status using EIN 204513735 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 Waters Foundation Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past several years, the organization has maintained a healthy financial position, with assets generally exceeding liabilities. For instance, in 2023, assets were $427,732 with no liabilities, indicating strong financial stability. While the organization experienced a deficit in 2023 (expenses of $713,262 against revenue of $601,094), this appears to be an anomaly in an otherwise positive trend of managing expenses within or close to revenue. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteer leadership or very modest compensation practices, contributing positively to its spending efficiency and transparency. The organization's growth in revenue from $115,509 in 2014 to $601,094 in 2023, alongside a corresponding increase in assets, indicates effective fundraising and financial management over the long term.