Is Joshua M Freeman Foundation Legit?

Quick charity verification for Joshua M Freeman Foundation (EIN: 208592383)

Verdict: Joshua M Freeman Foundation appears trustworthy

90/100Mission Score

$20.1MRevenue

$9.5MAssets

2Red Flags

5Strengths

Red Flags

Unusually low liabilities relative to assets in some earlier years (e.g., $240,016 liabilities vs $2,681,666 assets in 2018), which could indicate aggressive asset management or specific funding structures.
Reporting 0% officer compensation for an organization with over $13 million in annual revenue is highly unusual and warrants further investigation into how leadership is compensated or sustained.

Strengths

Strong and consistent revenue growth, from $1.98 million in 2020 to $13.00 million in 2023.
Significant asset accumulation, increasing from $3.98 million in 2020 to $8.76 million in 2023.
Expenses closely track revenue, suggesting efficient deployment of funds towards its mission (e.g., $11.91 million expenses vs $13.00 million revenue in 2023).
Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing administrative overhead at the executive level.
Healthy financial reserves with assets significantly exceeding liabilities.

Spending Breakdown

How Joshua M Freeman Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Joshua M Freeman Foundation

Is Joshua M Freeman Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Joshua M Freeman Foundation (EIN: 208592383) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.

Is Joshua M Freeman Foundation a good charity to donate to?

Joshua M Freeman Foundation has a Mission Score of 90/100. Revenue: $20.1M. Assets: $9.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Joshua M Freeman Foundation?

The Employer Identification Number (EIN) for Joshua M Freeman Foundation is 208592383. 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 Joshua M Freeman Foundation spend its money?

Joshua M Freeman Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Joshua M Freeman Foundation's tax-exempt status?

You can verify Joshua M Freeman Foundation's tax-exempt status using EIN 208592383 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

The Joshua M Freeman Foundation demonstrates a generally healthy financial trajectory, with significant growth in both revenue and assets over the past several years. For instance, revenue surged from $1,980,353 in 2020 to $13,002,353 in 2023, indicating strong fundraising or grant acquisition. The organization consistently spends a substantial portion of its income on its mission, as evidenced by expenses closely tracking revenue, such as $11,911,753 in expenses against $13,002,353 in revenue in 2023. This suggests efficient deployment of resources towards its programs.

Asset growth is also notable, increasing from $3,985,326 in 2020 to $8,764,830 in 2023, which provides a solid financial base. The foundation's liabilities have remained manageable relative to its assets, with liabilities of $1,030,499 against assets of $8,764,830 in 2023. A key indicator of transparency and good governance is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization is run by volunteers at the highest level. This practice, if truly indicative of unpaid leadership, significantly reduces administrative overhead and maximizes funds for programs.

Overall, the foundation appears to be financially robust and focused on its mission. The consistent growth in financial metrics, coupled with the reported lack of officer compensation, points to a well-managed and transparent organization. While specific program spending ratios are not provided in the raw data, the close alignment of expenses to revenue and asset growth suggests effective resource utilization.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.