First Freedom Inc
EIN: 421133919 · Riceville, IA
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $4K |
| Net Assets | $149K |
Is First Freedom Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Freedom Inc
First Freedom Inc (EIN: 421133919) is a nonprofit organization based in Riceville, IA. The organization reported total revenue of $13K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Freedom Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Freedom Inc is a micro nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $4K |
| Surplus / Deficit | $-343 |
| Total Assets | $152K |
| Total Liabilities | $3K |
| Net Assets | $149K |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 467.6 months |
Financial Health Grade: B
In 2023, First Freedom Inc reported a deficit of $343 with expenses exceeding revenue, holds 467.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), First Freedom Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.4% | -44.7% | -0.6% |
| 2022 | -2.6% | -42.5% | -2.9% |
| 2021 | -47.5% | +59.7% | -5.4% |
| 2020 | -29.4% | -2.9% | -0.1% |
| 2019 | +23.5% | -45.2% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Freedom Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Freedom Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $343, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about First Freedom Inc
Is First Freedom Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Freedom Inc (EIN: 421133919) insufficient data. 0 red flags identified, 0 strengths noted.
How does First Freedom Inc spend its money?
Detailed spending breakdown data is not yet available for First Freedom Inc. Check back for updated IRS 990 analysis.
Are donations to First Freedom Inc tax-deductible?
First Freedom Inc is registered as a tax-exempt nonprofit (EIN: 421133919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Freedom Inc located?
First Freedom Inc is headquartered in Riceville, Iowa and files with the IRS under EIN 421133919.
How many years of IRS 990 filings does First Freedom Inc have?
First Freedom Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13K in total revenue.
Filing History
IRS 990 filing history for First Freedom Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), First Freedom Inc's revenue has grown by 97.8%, moving from $2K to $4K. Total assets decreased by 6.4% over the same period, from $162K to $152K. Total functional expenses fell by 11.4%, from $4K to $4K. In its most recent filing year (2023), First Freedom Inc reported a deficit of $343, with expenses exceeding revenue. The organization holds $3K in liabilities against $152K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $149K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $4K | $152K | $3K | — | View 990 |
| 2022 | $5K | $7K | $153K | $4K | — | — |
| 2021 | $5K | $12K | $157K | $6K | — | — |
| 2020 | $10K | $8K | $166K | $9K | — | View 990 |
| 2019 | $15K | $8K | $167K | $11K | — | View 990 |
| 2018 | $12K | $14K | $163K | $14K | — | View 990 |
| 2017 | $10K | $14K | $168K | $17K | — | View 990 |
| 2016 | $8K | $14K | $175K | $20K | — | View 990 |
| 2015 | $12K | $13K | $184K | $23K | — | View 990 |
| 2014 | $7K | $10K | $187K | $25K | — | View 990 |
| 2013 | $11K | $7K | $188K | $28K | — | View 990 |
| 2012 | $5K | $5K | $188K | $30K | — | View 990 |
| 2011 | $2K | $7K | $157K | $0 | — | View 990 |
| 2010 | $2K | $4K | $162K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $4K, and assets of $152K (revenue -32.4% year-over-year).
- 2022: Revenue of $5K, expenses of $7K, and assets of $153K (revenue -2.6% year-over-year).
- 2021: Revenue of $5K, expenses of $12K, and assets of $157K (revenue -47.5% year-over-year).
- 2020: Revenue of $10K, expenses of $8K, and assets of $166K (revenue -29.4% year-over-year).
- 2019: Revenue of $15K, expenses of $8K, and assets of $167K (revenue +23.5% year-over-year).
- 2018: Revenue of $12K, expenses of $14K, and assets of $163K (revenue +16.9% year-over-year).
- 2017: Revenue of $10K, expenses of $14K, and assets of $168K (revenue +18.8% year-over-year).
- 2016: Revenue of $8K, expenses of $14K, and assets of $175K (revenue -26.5% year-over-year).
- 2015: Revenue of $12K, expenses of $13K, and assets of $184K (revenue +58.1% year-over-year).
- 2014: Revenue of $7K, expenses of $10K, and assets of $187K (revenue -31.6% year-over-year).
- 2013: Revenue of $11K, expenses of $7K, and assets of $188K (revenue +110.4% year-over-year).
- 2012: Revenue of $5K, expenses of $5K, and assets of $188K (revenue +112.7% year-over-year).
- 2011: Revenue of $2K, expenses of $7K, and assets of $157K (revenue +32.8% year-over-year).
- 2010: Revenue of $2K, expenses of $4K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Freedom Inc:
Data Sources and Methodology
This transparency report for First Freedom 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.