Freds Kids
EIN: 461188972 · Deatsville, AL · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $111K |
| Net Assets | $68K |
Is Freds Kids Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freds Kids
Freds Kids (EIN: 461188972) is a nonprofit organization based in Deatsville, AL, classified under NTEE code Q33. The organization reported total revenue of $97K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freds Kids's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freds Kids is a micro nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -57.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $111K |
| Surplus / Deficit | $-40,245 |
| Total Assets | $68K |
| Net Assets | $68K |
| Operating Margin | -56.7% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Freds Kids reported a deficit of $40K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Freds Kids's revenue has declined at a compound annual growth rate (CAGR) of -57.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.4% | +54.7% | -37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freds Kids 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 Freds Kids 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 $40K, with expenses exceeding revenue.
Frequently Asked Questions about Freds Kids
Is Freds Kids a legitimate charity?
Freds Kids (EIN: 461188972) is a registered tax-exempt nonprofit based in Alabama. It has 2 years of IRS 990 filings on record. Total revenue: $97K. No red flags identified. Financial health grade: B.
How does Freds Kids spend its money?
Freds Kids reported $97K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Freds Kids tax-deductible?
Freds Kids is registered as a tax-exempt nonprofit (EIN: 461188972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freds Kids located?
Freds Kids is headquartered in Deatsville, Alabama and files with the IRS under EIN 461188972. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Freds Kids have?
Freds Kids has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $97K in total revenue.
Filing History
IRS 990 filing history for Freds Kids showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Freds Kids's revenue has declined by 57.4%, moving from $167K to $71K. Total assets decreased by 37.1% over the same period, from $109K to $68K. Total functional expenses rose by 54.7%, from $72K to $111K. In its most recent filing year (2023), Freds Kids reported a deficit of $40K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $111K | $68K | $0 | — | View 990 |
| 2022 | $167K | $72K | $109K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freds Kids:
Data Sources and Methodology
This transparency report for Freds Kids 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.