Freedom 58 Project Incorporated
EIN: 522187487 · Centennial, CO · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $54K |
| Net Assets | $72K |
Is Freedom 58 Project Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom 58 Project Incorporated
Freedom 58 Project Incorporated (EIN: 522187487) is a nonprofit organization based in Centennial, CO, classified under NTEE code X20. The organization reported total revenue of $260K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom 58 Project Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom 58 Project Incorporated is a small nonprofit that has been operating for 26 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $54K |
| Surplus / Deficit | +$17K |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | 23.9% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Freedom 58 Project Incorporated reported a surplus of $17K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Freedom 58 Project Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +90.2% | +31.3% |
| 2022 | -13.7% | -51.1% | +126.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom 58 Project Incorporated 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 58 Project Incorporated 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 $17K, with revenue exceeding expenses.
Frequently Asked Questions about Freedom 58 Project Incorporated
Is Freedom 58 Project Incorporated a legitimate charity?
Freedom 58 Project Incorporated (EIN: 522187487) is a registered tax-exempt nonprofit based in Colorado. It has 3 years of IRS 990 filings on record. Total revenue: $260K. No red flags identified. Financial health grade: A.
How does Freedom 58 Project Incorporated spend its money?
Freedom 58 Project Incorporated reported $260K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Freedom 58 Project Incorporated tax-deductible?
Freedom 58 Project Incorporated is registered as a tax-exempt nonprofit (EIN: 522187487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom 58 Project Incorporated located?
Freedom 58 Project Incorporated is headquartered in Centennial, Colorado and files with the IRS under EIN 522187487. It is classified under NTEE code X20.
How many years of IRS 990 filings does Freedom 58 Project Incorporated have?
Freedom 58 Project Incorporated has 3 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 $260K in total revenue.
Filing History
IRS 990 filing history for Freedom 58 Project Incorporated showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Freedom 58 Project Incorporated's revenue has grown by 4.6%, moving from $68K to $72K. Total assets increased by 196.8% over the same period, from $24K to $72K. Total functional expenses fell by 7%, from $59K to $54K. In its most recent filing year (2023), Freedom 58 Project Incorporated reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $54K | $72K | $0 | — | — |
| 2022 | $59K | $29K | $55K | $0 | — | View 990 |
| 2021 | $68K | $59K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $54K, and assets of $72K (revenue +21.1% year-over-year).
- 2022: Revenue of $59K, expenses of $29K, and assets of $55K (revenue -13.7% year-over-year).
- 2021: Revenue of $68K, expenses of $59K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom 58 Project Incorporated:
Data Sources and Methodology
This transparency report for Freedom 58 Project Incorporated 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.