Freedom Area Basketball League Inc
EIN: 522172147 · Taneytown, MD
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $129K |
| Net Assets | $106K |
Is Freedom Area Basketball League Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom Area Basketball League Inc
Freedom Area Basketball League Inc (EIN: 522172147) is a nonprofit organization based in Taneytown, MD. The organization reported total revenue of $147K and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Area Basketball League Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Area Basketball League Inc is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $129K |
| Surplus / Deficit | +$8K |
| Total Assets | $106K |
| Net Assets | $106K |
| Operating Margin | 5.8% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2024, Freedom Area Basketball League Inc reported a surplus of $8K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Freedom Area Basketball League Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -100.0% | -100.0% |
| 2022 | +220.4% | +86.3% | +11.9% |
| 2021 | -77.0% | -51.9% | -19.8% |
| 2020 | +31.6% | -8.6% | +60.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom Area Basketball League Inc 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 Area Basketball League Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about Freedom Area Basketball League Inc
Is Freedom Area Basketball League Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Area Basketball League Inc (EIN: 522172147) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom Area Basketball League Inc spend its money?
Detailed spending breakdown data is not yet available for Freedom Area Basketball League Inc. Check back for updated IRS 990 analysis.
Are donations to Freedom Area Basketball League Inc tax-deductible?
Freedom Area Basketball League Inc is registered as a tax-exempt nonprofit (EIN: 522172147). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Area Basketball League Inc located?
Freedom Area Basketball League Inc is headquartered in Taneytown, Maryland and files with the IRS under EIN 522172147.
How many years of IRS 990 filings does Freedom Area Basketball League Inc have?
Freedom Area Basketball League Inc has 14 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 $147K in total revenue.
Filing History
IRS 990 filing history for Freedom Area Basketball League Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Freedom Area Basketball League Inc's revenue has grown by 34.1%, moving from $102K to $137K. Total assets increased by 198.2% over the same period, from $36K to $106K. Total functional expenses rose by 33.2%, from $97K to $129K. In its most recent filing year (2024), Freedom Area Basketball League Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $137K | $129K | $106K | $0 | — | — |
| 2023 | $0 | $0 | $1 | $0 | — | View 990 |
| 2022 | $101K | $93K | $82K | $0 | — | View 990 |
| 2021 | $32K | $50K | $73K | $0 | — | View 990 |
| 2020 | $138K | $103K | $91K | $0 | — | View 990 |
| 2019 | $105K | $113K | $57K | $0 | — | View 990 |
| 2018 | $102K | $101K | $65K | $0 | — | View 990 |
| 2017 | $117K | $116K | $63K | $0 | — | View 990 |
| 2016 | $125K | $112K | $62K | $0 | — | View 990 |
| 2015 | $109K | $95K | $48K | $0 | — | View 990 |
| 2014 | $112K | $104K | $34K | $0 | — | View 990 |
| 2013 | $100K | $-8,199 | $26K | $0 | — | View 990 |
| 2012 | $97K | $99K | $34K | $0 | — | View 990 |
| 2011 | $102K | $97K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $137K, expenses of $129K, and assets of $106K.
- 2023: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2022: Revenue of $101K, expenses of $93K, and assets of $82K (revenue +220.4% year-over-year).
- 2021: Revenue of $32K, expenses of $50K, and assets of $73K (revenue -77.0% year-over-year).
- 2020: Revenue of $138K, expenses of $103K, and assets of $91K (revenue +31.6% year-over-year).
- 2019: Revenue of $105K, expenses of $113K, and assets of $57K (revenue +2.3% year-over-year).
- 2018: Revenue of $102K, expenses of $101K, and assets of $65K (revenue -12.7% year-over-year).
- 2017: Revenue of $117K, expenses of $116K, and assets of $63K (revenue -6.3% year-over-year).
- 2016: Revenue of $125K, expenses of $112K, and assets of $62K (revenue +14.4% year-over-year).
- 2015: Revenue of $109K, expenses of $95K, and assets of $48K (revenue -2.5% year-over-year).
- 2014: Revenue of $112K, expenses of $104K, and assets of $34K (revenue +12.2% year-over-year).
- 2013: Revenue of $100K, expenses of $-8,199, and assets of $26K (revenue +2.7% year-over-year).
- 2012: Revenue of $97K, expenses of $99K, and assets of $34K (revenue -4.9% year-over-year).
- 2011: Revenue of $102K, expenses of $97K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Area Basketball League Inc:
Data Sources and Methodology
This transparency report for Freedom Area Basketball League Inc 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.