Freedman Family Fund
Freedman Family Fund's assets have declined by over 85% in a decade due to consistent operating deficits.
EIN: 133486425 · Wilmington, DE · Updated: 2026-03-28
Is Freedman Family Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freedman Family Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freedman Family Fund
Freedman Family Fund (EIN: 133486425) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $212K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedman Family Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedman Family Fund is a small nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $146K |
| Surplus / Deficit | $-99,769 |
| Total Assets | $287K |
| Total Liabilities | $1 |
| Net Assets | $287K |
| Operating Margin | -217.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 23.6 months |
Financial Health Grade: B
In 2023, Freedman Family Fund reported a deficit of $100K with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Freedman Family Fund's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +431.8% | -25.3% | -25.8% |
| 2022 | -88.5% | -5.8% | -32.6% |
| 2021 | +1161.7% | +28.8% | -18.7% |
| 2020 | -87.8% | -15.3% | -18.0% |
| 2019 | -3.9% | -28.8% | -34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freedman Family Fund with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Freedman Family Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is a positive for resource allocation.
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 Freedman Family Fund's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $99,769 deficit in 202312).
- Dramatic decline in total assets over the past decade (from $1.9M to $0.28M).
- Revenue consistently far below expenses, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Freedman Family Fund:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership.
- No reported liabilities, suggesting the organization is not accumulating debt.
Frequently Asked Questions about Freedman Family Fund
Is Freedman Family Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedman Family Fund (EIN: 133486425) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does Freedman Family Fund spend its money?
Freedman Family Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Freedman Family Fund tax-deductible?
Freedman Family Fund is registered as a tax-exempt nonprofit (EIN: 133486425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Freedman Family Fund financially sustainable?
No, the Freedman Family Fund does not appear financially sustainable. Its assets have decreased from $1,918,547 in 2011 to $286,591 in 2023, largely due to consistent annual expenses significantly exceeding revenue (e.g., $145,723 expenses vs. $45,954 revenue in 2023).
What is the primary financial concern for this organization?
The primary financial concern is the persistent and substantial operating deficits, which have led to a dramatic depletion of its asset base over the past decade. The organization is spending down its principal rather than operating on new income.
How has the organization's asset base changed over time?
The organization's assets have declined sharply, from $1,918,547 in 2011 to $286,591 in 2023, representing an over 85% reduction.
Filing History
IRS 990 filing history for Freedman Family Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Freedman Family Fund's revenue has declined by 81.2%, moving from $244K to $46K. Total assets decreased by 85.1% over the same period, from $1.9M to $287K. Total functional expenses fell by 55.2%, from $326K to $146K. In its most recent filing year (2023), Freedman Family Fund reported a deficit of $100K, with expenses exceeding revenue. The organization holds $1 in liabilities against $287K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $287K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $146K | $287K | $1 | — | — |
| 2022 | $9K | $195K | $386K | $1 | — | — |
| 2021 | $75K | $207K | $573K | $1 | — | — |
| 2020 | $6K | $161K | $705K | $1 | — | — |
| 2019 | $49K | $190K | $859K | $0 | — | View 990 |
| 2015 | $51K | $267K | $1.3M | $0 | — | View 990 |
| 2014 | $120K | $229K | $1.5M | $0 | — | View 990 |
| 2013 | $197K | $248K | $1.6M | $0 | — | View 990 |
| 2012 | $127K | $351K | $1.7M | $0 | — | View 990 |
| 2011 | $244K | $326K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $146K, and assets of $287K (revenue +431.8% year-over-year).
- 2022: Revenue of $9K, expenses of $195K, and assets of $386K (revenue -88.5% year-over-year).
- 2021: Revenue of $75K, expenses of $207K, and assets of $573K (revenue +1161.7% year-over-year).
- 2020: Revenue of $6K, expenses of $161K, and assets of $705K (revenue -87.8% year-over-year).
- 2019: Revenue of $49K, expenses of $190K, and assets of $859K (revenue -3.9% year-over-year).
- 2015: Revenue of $51K, expenses of $267K, and assets of $1.3M (revenue -57.4% year-over-year).
- 2014: Revenue of $120K, expenses of $229K, and assets of $1.5M (revenue -39.3% year-over-year).
- 2013: Revenue of $197K, expenses of $248K, and assets of $1.6M (revenue +55.5% year-over-year).
- 2012: Revenue of $127K, expenses of $351K, and assets of $1.7M (revenue -48.0% year-over-year).
- 2011: Revenue of $244K, expenses of $326K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedman Family Fund:
Data Sources and Methodology
This transparency report for Freedman Family Fund 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.