Quick charity verification for Friends Of Freedom Park (EIN: 203842342)
Verdict: Friends Of Freedom Park appears trustworthy
90/100Mission Score
$117KRevenue
$230KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Significant revenue growth in 2023, increasing from $125,447 to $259,135.
Substantial asset growth in 2023, from $124,271 to $268,646.
Low liabilities relative to assets across all reported periods, demonstrating sound financial management.
Consistent IRS 990 filing history over 13 periods, indicating good transparency.
Spending Breakdown
How Friends Of Freedom Park 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 Friends Of Freedom Park
Is Friends Of Freedom Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Freedom Park (EIN: 203842342) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Friends Of Freedom Park a good charity to donate to?
Friends Of Freedom Park has a Mission Score of 90/100. Revenue: $117K. Assets: $230K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Freedom Park?
The Employer Identification Number (EIN) for Friends Of Freedom Park is 203842342. 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 Friends Of Freedom Park spend its money?
Friends Of Freedom Park allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Freedom Park's tax-exempt status?
You can verify Friends Of Freedom Park's tax-exempt status using EIN 203842342 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
Friends Of Freedom Park demonstrates generally sound financial health, with recent filings showing a significant increase in revenue and assets. In 2023, revenue reached $259,135, nearly doubling the previous year's $125,447, and assets grew to $268,646. The organization consistently reports 0% officer compensation, indicating a volunteer-led structure which enhances efficiency by directing more funds to programs. While specific program spending ratios aren't detailed in the provided data, the absence of officer compensation suggests a strong commitment to mission-driven spending.
The organization's financial management appears stable, with liabilities consistently low, peaking at $2,761 in 2023, which is a minimal fraction of its assets. The growth in assets and revenue in the latest period is a positive indicator of increasing support and capacity. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The consistent filing history over 13 periods reflects good transparency in reporting to the IRS.
Overall, Friends Of Freedom Park appears to be a well-managed, volunteer-driven organization with a growing financial base. Its consistent reporting and lack of executive compensation are strong indicators of transparency and a focus on its mission. Further insight into specific expense allocations would provide a more complete picture of its spending efficiency.