Quick charity verification for The Freedom Academy Foundation (EIN: 134255839)
Verdict: The Freedom Academy Foundation appears trustworthy
70/100Mission Score
$27.9MRevenue
$59.8MAssets
2Red Flags
3Strengths
Red Flags
Consistent liabilities exceeding assets, indicating potential solvency issues (e.g., $70.86M liabilities vs. $65.55M assets in 2023).
0% reported officer compensation for an organization of this scale, which is highly unusual and may obscure actual leadership compensation.
Strengths
Strong and consistent revenue growth over the past decade, from $6.15M in 2014 to $26.43M in 2023.
Significant asset base, reaching $65.55 million in 2023, indicating substantial operational capacity.
Consistent reporting of 0% officer compensation, which, if accurate, suggests a highly efficient use of funds for leadership.
Spending Breakdown
How The Freedom Academy Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 The Freedom Academy Foundation
Is The Freedom Academy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Freedom Academy Foundation (EIN: 134255839) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is The Freedom Academy Foundation a good charity to donate to?
The Freedom Academy Foundation has a Mission Score of 70/100. Revenue: $27.9M. Assets: $59.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Freedom Academy Foundation?
The Employer Identification Number (EIN) for The Freedom Academy Foundation is 134255839. 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 The Freedom Academy Foundation spend its money?
The Freedom Academy Foundation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Freedom Academy Foundation's tax-exempt status?
You can verify The Freedom Academy Foundation's tax-exempt status using EIN 134255839 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 Freedom Academy Foundation demonstrates consistent growth in revenue and assets over the past decade, with revenue increasing from $6.15 million in 2014 to $26.43 million in 2023. However, the organization has consistently reported liabilities exceeding assets in recent years, with liabilities of $70.86 million against assets of $65.55 million in 2023, indicating a potential solvency concern. While the organization reports 0% officer compensation, which can be a positive sign for donor confidence, the consistent deficit in net assets warrants closer examination of its financial structure and long-term sustainability. The NTEE code B29 suggests a focus on education, and the financial data indicates significant operational scale.