Quick charity verification for The Freeman Foundation P 01644 00 7 (EIN: 132965090)
Verdict: The Freeman Foundation P 01644 00 7 appears trustworthy
92/100Mission Score
$126.7MRevenue
$371.5MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown on 990 for program vs. administrative costs
0% officer compensation reported, which is unusual for an organization of this scale and could indicate compensation is reported elsewhere or through related entities, requiring deeper scrutiny for full transparency.
Strengths
Consistent and significant asset growth over more than a decade, from $254M in 2011 to $358M in 2023.
Revenue consistently exceeds expenses, indicating strong financial management and sustainability.
Extremely low reported liabilities ($1 across all filings), reflecting a very healthy balance sheet.
Zero reported officer compensation, suggesting high efficiency in leadership costs or a volunteer-driven executive structure.
Strong financial reserves to support long-term mission fulfillment.
Spending Breakdown
How The Freeman Foundation P 01644 00 7 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 The Freeman Foundation P 01644 00 7
Is The Freeman Foundation P 01644 00 7 a legitimate charity?
Based on AI analysis of IRS 990 filings, The Freeman Foundation P 01644 00 7 (EIN: 132965090) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is The Freeman Foundation P 01644 00 7 a good charity to donate to?
The Freeman Foundation P 01644 00 7 has a Mission Score of 92/100. Revenue: $126.7M. Assets: $371.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Freeman Foundation P 01644 00 7?
The Employer Identification Number (EIN) for The Freeman Foundation P 01644 00 7 is 132965090. 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 Freeman Foundation P 01644 00 7 spend its money?
The Freeman Foundation P 01644 00 7 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Freeman Foundation P 01644 00 7's tax-exempt status?
You can verify The Freeman Foundation P 01644 00 7's tax-exempt status using EIN 132965090 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 Freeman Foundation demonstrates strong financial health with substantial and growing assets, reaching $358,789,461 in 2023. The organization consistently operates with a positive net income, as seen in 2023 where revenue of $40,170,636 significantly exceeded expenses of $24,212,294. This financial stability allows for consistent program funding. The foundation's transparency is commendable, particularly with zero reported officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation on the 990, which is a positive sign for donor confidence. The consistent reporting of minimal liabilities ($1 across all filings) further underscores a healthy balance sheet and responsible financial management.