Quick charity verification for Project Freedom Inc (EIN: 222532804)
Verdict: Project Freedom Inc appears trustworthy
75/100Mission Score
$2.7MRevenue
$18.4MAssets
3Red Flags
3Strengths
Red Flags
Revenue has been highly inconsistent, fluctuating significantly year-over-year (e.g., $3,146,732 in 2023 vs. $1,238,585 in 2022).
Expenses have often exceeded revenue in several years (e.g., 2022: revenue $1,238,585, expenses $2,249,242), indicating potential operational deficits.
The percentage of administrative spending appears high given the overall expense structure, suggesting a need for efficiency review.
Strengths
The organization maintains a substantial asset base, with total assets consistently above $12 million since 2017, reaching $15,492,075 in 2023.
Project Freedom Inc has a long operational history, with financial data available back to 2016, suggesting established presence.
Despite revenue fluctuations, the organization has managed to maintain and grow its asset base, indicating sound financial management in asset accumulation.
AI Transparency Report
Project Freedom Inc is a human services nonprofit based in Lawrenceville, New Jersey, with reported revenue of $2.7M and assets of $18.4M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 60% of spending goes to programs, 30% to administration, and 10% to fundraising. Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the given data. Revenue has grown +445% across 13 filing periods.