Explore Freedom Services Inc
Explore Freedom Services Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 20772791 · Van Nuys, CA · NTEE: P70 · Updated: 2026-03-28
Is Explore Freedom Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Explore Freedom Services Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Explore Freedom Services Inc
Explore Freedom Services Inc (EIN: 20772791) is a nonprofit organization based in Van Nuys, CA, classified under NTEE code P70. The organization reported total revenue of $9.5M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Explore Freedom Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Explore Freedom Services Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Explore Freedom Services Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Explore Freedom Services Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with nearly $9.5 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Explore Freedom Services Inc's IRS 990 filings:
- Unusually low liabilities in earlier years ($0 from 2017-2019) followed by a sudden increase to $10,823 in 2023, warranting further investigation into their nature.
- Consistent 0% officer compensation for an organization with nearly $9.5 million in revenue is highly unusual and could indicate compensation is reported in other categories or that the leadership is entirely volunteer, which might raise questions about sustainability or reporting practices.
Strengths
The following positive indicators were identified for Explore Freedom Services Inc:
- Consistent and significant revenue growth, from $3.05M in 2014 to $9.47M in 2023.
- Strong program spending ratio, estimated at 88% of total expenses, indicating efficient use of funds for its mission.
- Healthy asset growth, from $506,877 in 2014 to $7,755,630 in 2023, providing financial stability.
- No reported officer compensation, suggesting a highly lean or volunteer-led executive structure.
- Positive net income (Revenue > Expenses) in most reported years, contributing to asset accumulation.
Frequently Asked Questions about Explore Freedom Services Inc
Is Explore Freedom Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Explore Freedom Services Inc (EIN: 20772791) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Explore Freedom Services Inc spend its money?
Explore Freedom Services Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Explore Freedom Services Inc tax-deductible?
Explore Freedom Services Inc is registered as a tax-exempt nonprofit (EIN: 20772791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Explore Freedom Services Inc a good charity?
Based on the provided data, Explore Freedom Services Inc appears to be a good charity, demonstrating strong financial health, consistent revenue growth, and a high percentage of spending directed towards program services (estimated 88%). The absence of reported officer compensation is also a positive indicator of resource allocation.
What is the trend in the organization's financial growth?
Explore Freedom Services Inc has shown consistent and significant financial growth, with revenue increasing from $3,053,511 in 2014 to $9,476,350 in 2023, and assets growing from $506,877 to $7,755,630 over the same period.
How does Explore Freedom Services Inc manage executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation.
What are the organization's liabilities and how have they changed?
Liabilities have increased from $0 in 2019 to $10,823 in 2023. While this is an increase, the amount remains relatively small compared to the organization's assets and revenue.
Filing History
IRS 990 filing history for Explore Freedom Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Explore Freedom Services Inc's revenue has grown by 510.7%, moving from $1.6M to $9.5M. Total assets increased by 3731.3% over the same period, from $202K to $7.8M. Total functional expenses rose by 453.8%, from $1.5M to $8.2M. In its most recent filing year (2023), Explore Freedom Services Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $11K in liabilities against $7.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $8.2M | $7.8M | $11K | — | — |
| 2022 | $9.0M | $8.2M | $6.5M | $10K | — | View 990 |
| 2021 | $7.7M | $6.9M | $5.7M | $8K | — | View 990 |
| 2020 | $7.6M | $6.6M | $4.9M | $5K | — | View 990 |
| 2019 | $7.0M | $6.1M | $4.0M | $0 | — | View 990 |
| 2018 | $6.7M | $5.9M | $3.1M | $0 | — | View 990 |
| 2017 | $6.5M | $5.6M | $2.2M | $0 | — | View 990 |
| 2016 | $5.2M | $4.6M | $1.3M | $0 | — | View 990 |
| 2015 | $3.3M | $3.1M | $697K | $874 | — | View 990 |
| 2014 | $3.1M | $3.0M | $507K | $803 | — | View 990 |
| 2013 | $2.2M | $2.2M | $410K | $0 | — | View 990 |
| 2012 | $2.1M | $1.9M | $379K | $0 | — | View 990 |
| 2011 | $1.6M | $1.5M | $202K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $8.2M, and assets of $7.8M (revenue +5.7% year-over-year).
- 2022: Revenue of $9.0M, expenses of $8.2M, and assets of $6.5M (revenue +16.1% year-over-year).
- 2021: Revenue of $7.7M, expenses of $6.9M, and assets of $5.7M (revenue +1.8% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.6M, and assets of $4.9M (revenue +9.1% year-over-year).
- 2019: Revenue of $7.0M, expenses of $6.1M, and assets of $4.0M (revenue +3.1% year-over-year).
- 2018: Revenue of $6.7M, expenses of $5.9M, and assets of $3.1M (revenue +3.2% year-over-year).
- 2017: Revenue of $6.5M, expenses of $5.6M, and assets of $2.2M (revenue +25.8% year-over-year).
- 2016: Revenue of $5.2M, expenses of $4.6M, and assets of $1.3M (revenue +55.6% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.1M, and assets of $697K (revenue +9.4% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.0M, and assets of $507K (revenue +37.8% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.2M, and assets of $410K (revenue +7.5% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.9M, and assets of $379K (revenue +32.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $202K.
Data Sources and Methodology
This transparency report for Explore Freedom Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.