Unusually low or 0% officer compensation reported, which may indicate compensation is categorized elsewhere or a highly unusual volunteer executive structure for an organization of this size.
Strengths
Consistent and significant growth in assets, from $4,467,763 in 2019 to $8,521,439 in 2023.
Positive net income (revenue exceeding expenses) in all reported periods, indicating financial sustainability.
No reported officer compensation, suggesting a high proportion of funds may be directed to program services.
Strong revenue growth, with revenue increasing from $696,559 in 2020 to $1,434,260 in 2023.
How Freeport Housing Trust Inc 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 Freeport Housing Trust Inc
Is Freeport Housing Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Housing Trust Inc (EIN: 10449761) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Freeport Housing Trust Inc a good charity to donate to?
Freeport Housing Trust Inc has a Mission Score of 92/100. Revenue: $2.0M. Assets: $10.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freeport Housing Trust Inc?
The Employer Identification Number (EIN) for Freeport Housing Trust Inc is 10449761. 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 Freeport Housing Trust Inc spend its money?
Freeport Housing Trust Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freeport Housing Trust Inc's tax-exempt status?
You can verify Freeport Housing Trust Inc's tax-exempt status using EIN 10449761 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
Freeport Housing Trust Inc demonstrates a generally healthy financial position with consistent revenue growth and increasing assets over the past several years. For example, assets grew from $4,467,763 in 2019 to $8,521,439 in 2023, indicating strong financial management and asset accumulation. The organization consistently operates with a surplus, as seen in 2023 where revenue of $1,434,260 exceeded expenses of $1,223,552.
The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The consistent growth in assets and revenue suggests effective fundraising and financial stewardship.
Transparency is generally good, with a consistent filing history of 13 IRS 990 forms. The readily available financial data allows for an assessment of its financial trends. The lack of reported officer compensation enhances its transparency profile, as it indicates a volunteer-led or very lean executive structure, which is often viewed favorably by donors.