Free Spirit Media Nfp
EIN: 364456215 · Chicago, IL · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $985K |
| Total Expenses | $864K |
| Net Assets | $783K |
Is Free Spirit Media Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Free Spirit Media Nfp
Free Spirit Media Nfp (EIN: 364456215) is a nonprofit organization based in Chicago, IL, classified under NTEE code O50. The organization reported total revenue of $985K and total assets of $798K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Spirit Media Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Spirit Media Nfp is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $950K |
| Total Expenses | $864K |
| Surplus / Deficit | +$85K |
| Total Assets | $849K |
| Total Liabilities | $66K |
| Net Assets | $783K |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Free Spirit Media Nfp reported a surplus of $85K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Free Spirit Media Nfp's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | -33.6% | +18.1% |
| 2022 | -14.7% | -34.1% | -45.8% |
| 2021 | -37.5% | -4.7% | -31.5% |
| 2020 | -7.4% | -3.5% | +16.5% |
| 2019 | -1.3% | +2.6% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Free Spirit Media Nfp 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 Spirit Media Nfp 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 $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.8%.
Frequently Asked Questions about Free Spirit Media Nfp
Is Free Spirit Media Nfp a legitimate charity?
Free Spirit Media Nfp (EIN: 364456215) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $985K. No red flags identified. Financial health grade: A.
How does Free Spirit Media Nfp spend its money?
Free Spirit Media Nfp reported $985K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Free Spirit Media Nfp tax-deductible?
Free Spirit Media Nfp is registered as a tax-exempt nonprofit (EIN: 364456215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Free Spirit Media Nfp located?
Free Spirit Media Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 364456215. It is classified under NTEE code O50.
How many years of IRS 990 filings does Free Spirit Media Nfp have?
Free Spirit Media Nfp has 12 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 $985K in total revenue.
Filing History
IRS 990 filing history for Free Spirit Media Nfp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Free Spirit Media Nfp's revenue has declined by 16%, moving from $1.1M to $950K. Total assets decreased by 6.6% over the same period, from $909K to $849K. Total functional expenses fell by 19.3%, from $1.1M to $864K. In its most recent filing year (2023), Free Spirit Media Nfp reported a surplus of $85K, with revenue exceeding expenses. The organization holds $66K in liabilities against $849K in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $783K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $950K | $864K | $849K | $66K | — | View 990 |
| 2022 | $1.1M | $1.3M | $719K | $33K | — | View 990 |
| 2021 | $1.3M | $2.0M | $1.3M | $434K | — | View 990 |
| 2020 | $2.1M | $2.1M | $1.9M | $402K | — | View 990 |
| 2019 | $2.3M | $2.1M | $1.7M | $158K | — | View 990 |
| 2018 | $2.3M | $2.1M | $1.6M | $127K | — | View 990 |
| 2017 | $1.9M | $1.8M | $1.4M | $111K | — | View 990 |
| 2016 | $1.7M | $1.6M | $1.2M | $71K | — | View 990 |
| 2015 | $1.8M | $1.5M | $1.3M | $176K | — | View 990 |
| 2014 | $1.3M | $1.3M | $926K | $122K | — | View 990 |
| 2013 | $1.2M | $1.2M | $917K | $129K | — | View 990 |
| 2012 | $1.1M | $1.1M | $909K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $950K, expenses of $864K, and assets of $849K (revenue -14.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $719K (revenue -14.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.0M, and assets of $1.3M (revenue -37.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $1.9M (revenue -7.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.1M, and assets of $1.7M (revenue -1.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.1M, and assets of $1.6M (revenue +19.0% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $1.4M (revenue +14.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue -5.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $1.3M (revenue +39.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $926K (revenue +6.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $917K (revenue +5.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $909K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Spirit Media Nfp:
Data Sources and Methodology
This transparency report for Free Spirit Media Nfp 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.