Quick charity verification for Loon Freestyle Inc (EIN: 20459622)
Verdict: Loon Freestyle Inc appears trustworthy
92/100Mission Score
$174KRevenue
$188KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $63,533 in 2015 to $182,940 in 2024.
Zero liabilities reported across all 13 filings, indicating excellent financial health.
0% officer compensation, suggesting high efficiency and direct application of funds to mission.
Steady asset growth, from $98,177 in 2015 to $193,744 in 2024.
Consistent filing of IRS 990 forms for 13 periods, demonstrating transparency.
Spending Breakdown
How Loon Freestyle Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Loon Freestyle Inc
Is Loon Freestyle Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Loon Freestyle Inc (EIN: 20459622) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Loon Freestyle Inc a good charity to donate to?
Loon Freestyle Inc has a Mission Score of 92/100. Revenue: $174K. Assets: $188K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Loon Freestyle Inc?
The Employer Identification Number (EIN) for Loon Freestyle Inc is 20459622. 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 Loon Freestyle Inc spend its money?
Loon Freestyle Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Loon Freestyle Inc's tax-exempt status?
You can verify Loon Freestyle Inc's tax-exempt status using EIN 20459622 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
Loon Freestyle Inc demonstrates consistent financial stability and a strong commitment to its program services. Over the past decade, the organization has shown steady growth in revenue and assets, with its latest revenue at $174,475 and assets at $188,128. The organization consistently reports zero liabilities, indicating a very healthy balance sheet and responsible financial management. This lack of debt is a significant positive indicator of financial health.
The spending efficiency appears high, as the organization consistently reports 0% officer compensation, suggesting that all funds are directed towards operational costs and program delivery rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation implies a lean operational structure. The organization's consistent filing of IRS 990 forms for 13 periods demonstrates a commitment to transparency.
Overall, Loon Freestyle Inc appears to be a financially sound and efficiently run nonprofit. Its consistent growth, lack of liabilities, and zero officer compensation are strong indicators of a well-managed organization focused on its mission. Further detailed analysis of expense categories would provide a more granular view of spending efficiency, but the available data paints a positive picture.