Freedom 22 Operating Foundation
EIN: 352121370 · Indianapolis, IN · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $161K |
| Net Assets | $48K |
Is Freedom 22 Operating Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom 22 Operating Foundation
Freedom 22 Operating Foundation (EIN: 352121370) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code T23. The organization reported total revenue of $421K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom 22 Operating Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom 22 Operating Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $161K |
| Surplus / Deficit | $-10,505 |
| Total Assets | $48K |
| Total Liabilities | $1 |
| Net Assets | $48K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Freedom 22 Operating Foundation reported a deficit of $11K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Freedom 22 Operating Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +8.4% | -17.9% |
| 2022 | -11.3% | -6.8% | +11.4% |
| 2021 | +0.7% | -10.2% | +39.2% |
| 2020 | +228.5% | +429.7% | -10.4% |
| 2019 | -71.9% | -81.1% | +82.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom 22 Operating Foundation 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 Freedom 22 Operating Foundation 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 $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Freedom 22 Operating Foundation
Is Freedom 22 Operating Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom 22 Operating Foundation (EIN: 352121370) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom 22 Operating Foundation spend its money?
Detailed spending breakdown data is not yet available for Freedom 22 Operating Foundation. Check back for updated IRS 990 analysis.
Are donations to Freedom 22 Operating Foundation tax-deductible?
Freedom 22 Operating Foundation is registered as a tax-exempt nonprofit (EIN: 352121370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom 22 Operating Foundation located?
Freedom 22 Operating Foundation is headquartered in Indianapolis, Indiana and files with the IRS under EIN 352121370. It is classified under NTEE code T23.
How many years of IRS 990 filings does Freedom 22 Operating Foundation have?
Freedom 22 Operating Foundation has 10 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 $421K in total revenue.
Filing History
IRS 990 filing history for Freedom 22 Operating Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Freedom 22 Operating Foundation's revenue has declined by 13%, moving from $173K to $150K. Total assets increased by 699.7% over the same period, from $6K to $48K. Total functional expenses fell by 12.6%, from $184K to $161K. In its most recent filing year (2023), Freedom 22 Operating Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $48K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $161K | $48K | $1 | — | View 990 |
| 2022 | $155K | $148K | $59K | $1 | — | View 990 |
| 2021 | $174K | $159K | $53K | $1 | — | — |
| 2020 | $173K | $177K | $38K | $1 | — | — |
| 2019 | $53K | $33K | $42K | $1 | — | View 990 |
| 2015 | $187K | $178K | $23K | $1 | — | View 990 |
| 2014 | $150K | $149K | $13K | $1 | — | View 990 |
| 2013 | $216K | $222K | $12K | $1 | — | View 990 |
| 2012 | $243K | $229K | $18K | $1 | — | View 990 |
| 2011 | $173K | $184K | $6K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $161K, and assets of $48K (revenue -2.7% year-over-year).
- 2022: Revenue of $155K, expenses of $148K, and assets of $59K (revenue -11.3% year-over-year).
- 2021: Revenue of $174K, expenses of $159K, and assets of $53K (revenue +0.7% year-over-year).
- 2020: Revenue of $173K, expenses of $177K, and assets of $38K (revenue +228.5% year-over-year).
- 2019: Revenue of $53K, expenses of $33K, and assets of $42K (revenue -71.9% year-over-year).
- 2015: Revenue of $187K, expenses of $178K, and assets of $23K (revenue +24.7% year-over-year).
- 2014: Revenue of $150K, expenses of $149K, and assets of $13K (revenue -30.6% year-over-year).
- 2013: Revenue of $216K, expenses of $222K, and assets of $12K (revenue -10.9% year-over-year).
- 2012: Revenue of $243K, expenses of $229K, and assets of $18K (revenue +40.4% year-over-year).
- 2011: Revenue of $173K, expenses of $184K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom 22 Operating Foundation:
Data Sources and Methodology
This transparency report for Freedom 22 Operating Foundation 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.