Free Minds Book Club & Writing Workshop
EIN: 432066514 · Washington, DC · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Net Assets | $3.8M |
Is Free Minds Book Club & Writing Workshop Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Free Minds Book Club & Writing Workshop
Free Minds Book Club & Writing Workshop (EIN: 432066514) is a nonprofit organization based in Washington, DC, classified under NTEE code B92. The organization reported total revenue of $2.7M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Minds Book Club & Writing Workshop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Minds Book Club & Writing Workshop is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$748K |
| Total Assets | $3.9M |
| Total Liabilities | $83K |
| Net Assets | $3.8M |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Free Minds Book Club & Writing Workshop reported a surplus of $748K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Free Minds Book Club & Writing Workshop's revenue has grown at a compound annual growth rate (CAGR) of 26.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +23.1% | +27.0% |
| 2022 | +29.5% | +27.6% | +21.9% |
| 2021 | +38.8% | +5.0% | +30.2% |
| 2020 | +17.6% | +36.2% | +12.4% |
| 2019 | +21.7% | +24.8% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Free Minds Book Club & Writing Workshop 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 Free Minds Book Club & Writing Workshop 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 surplus of $748K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Free Minds Book Club & Writing Workshop
Is Free Minds Book Club & Writing Workshop a legitimate charity?
Free Minds Book Club & Writing Workshop (EIN: 432066514) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Free Minds Book Club & Writing Workshop spend its money?
Free Minds Book Club & Writing Workshop reported $2.7M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Free Minds Book Club & Writing Workshop tax-deductible?
Free Minds Book Club & Writing Workshop is registered as a tax-exempt nonprofit (EIN: 432066514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Free Minds Book Club & Writing Workshop located?
Free Minds Book Club & Writing Workshop is headquartered in Washington, Washington DC and files with the IRS under EIN 432066514. It is classified under NTEE code B92.
How many years of IRS 990 filings does Free Minds Book Club & Writing Workshop have?
Free Minds Book Club & Writing Workshop has 13 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Free Minds Book Club & Writing Workshop showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Free Minds Book Club & Writing Workshop's revenue has grown by 1543.8%, moving from $190K to $3.1M. Total assets increased by 2472.5% over the same period, from $152K to $3.9M. Total functional expenses rose by 1148.6%, from $190K to $2.4M. In its most recent filing year (2023), Free Minds Book Club & Writing Workshop reported a surplus of $748K, with revenue exceeding expenses. The organization holds $83K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.4M | $3.9M | $83K | — | — |
| 2022 | $2.7M | $1.9M | $3.1M | $144K | — | View 990 |
| 2021 | $2.1M | $1.5M | $2.5M | $76K | — | View 990 |
| 2020 | $1.5M | $1.4M | $1.9M | $176K | — | View 990 |
| 2019 | $1.3M | $1.1M | $1.7M | $25K | — | View 990 |
| 2018 | $1.0M | $846K | $1.5M | $15K | — | View 990 |
| 2017 | $1.1M | $634K | $1.3M | $9K | — | View 990 |
| 2016 | $643K | $559K | $802K | $12K | — | View 990 |
| 2015 | $603K | $505K | $716K | $10K | — | View 990 |
| 2014 | $424K | $432K | $615K | $126K | — | View 990 |
| 2013 | $561K | $357K | $538K | $41K | — | View 990 |
| 2012 | $406K | $255K | $354K | $60K | — | View 990 |
| 2011 | $190K | $190K | $152K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.4M, and assets of $3.9M (revenue +15.6% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.9M, and assets of $3.1M (revenue +29.5% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.5M, and assets of $2.5M (revenue +38.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $1.9M (revenue +17.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $1.7M (revenue +21.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $846K, and assets of $1.5M (revenue -6.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $634K, and assets of $1.3M (revenue +73.8% year-over-year).
- 2016: Revenue of $643K, expenses of $559K, and assets of $802K (revenue +6.7% year-over-year).
- 2015: Revenue of $603K, expenses of $505K, and assets of $716K (revenue +42.4% year-over-year).
- 2014: Revenue of $424K, expenses of $432K, and assets of $615K (revenue -24.5% year-over-year).
- 2013: Revenue of $561K, expenses of $357K, and assets of $538K (revenue +38.0% year-over-year).
- 2012: Revenue of $406K, expenses of $255K, and assets of $354K (revenue +114.0% year-over-year).
- 2011: Revenue of $190K, expenses of $190K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Minds Book Club & Writing Workshop:
Data Sources and Methodology
This transparency report for Free Minds Book Club & Writing Workshop 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.