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.
Spending Breakdown
How Project Freedom Inc allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
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 Project Freedom Inc
Is Project Freedom Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Freedom Inc (EIN: 222532804) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Project Freedom Inc a good charity to donate to?
Project Freedom Inc has a Mission Score of 75/100. Revenue: $2.7M. Assets: $18.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Freedom Inc?
The Employer Identification Number (EIN) for Project Freedom Inc is 222532804. 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 Project Freedom Inc spend its money?
Project Freedom Inc allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Freedom Inc's tax-exempt status?
You can verify Project Freedom Inc's tax-exempt status using EIN 222532804 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
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.