Freedom Builders Of America

Is Freedom Builders Of America Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Freedom Builders Of America directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Freedom Builders Of America

Freedom Builders Of America (EIN: 10625811) is a nonprofit organization based in Traverse City, MI, classified under NTEE code L81. The organization reported total revenue of $664K and total assets of $601K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Builders Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Freedom Builders Of America with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Freedom Builders Of America allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This suggests a volunteer-driven leadership model or that compensation is covered by other means, which is highly favorable for donor confidence regarding overhead.

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 Freedom Builders Of America's IRS 990 filings:

• Frequent operating deficits: Expenses exceeded revenue in 5 out of 10 reported periods, including the most recent 202212 filing.
• Modest asset growth: Assets have not significantly increased over the decade, suggesting limited capacity for long-term investment or expansion.

Strengths

The following positive indicators were identified for Freedom Builders Of America:

• Zero officer compensation: No compensation reported for officers across all filings, indicating a strong commitment to directing funds to programs.
• Consistent financial reporting: 12 IRS 990 filings demonstrate a commitment to transparency and compliance.
• Low liabilities: Liabilities generally remain low relative to assets, indicating good financial management of debt.

Frequently Asked Questions about Freedom Builders Of America

Filing History

IRS 990 filing history for Freedom Builders Of America showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Freedom Builders Of America's revenue has grown by 22.6%, moving from $234K to $287K. Total assets increased by 4.2% over the same period, from $192K to $200K. Total functional expenses rose by 112%, from $179K to $380K. In its most recent filing year (2022), Freedom Builders Of America reported a deficit of $92K, with expenses exceeding revenue. The organization holds $12K in liabilities against $200K in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $188K.

Year-by-Year Financial Summary

• 2022: Revenue of $287K, expenses of $380K, and assets of $200K (revenue -22.5% year-over-year).
• 2021: Revenue of $371K, expenses of $348K, and assets of $295K (revenue +12.4% year-over-year).
• 2020: Revenue of $330K, expenses of $297K, and assets of $300K (revenue -3.3% year-over-year).
• 2019: Revenue of $341K, expenses of $297K, and assets of $264K (revenue -6.2% year-over-year).
• 2018: Revenue of $364K, expenses of $382K, and assets of $222K (revenue -3.1% year-over-year).
• 2017: Revenue of $376K, expenses of $299K, and assets of $243K (revenue +11.4% year-over-year).
• 2016: Revenue of $337K, expenses of $329K, and assets of $166K (revenue +14.9% year-over-year).
• 2015: Revenue of $294K, expenses of $329K, and assets of $145K (revenue +8.0% year-over-year).
• 2014: Revenue of $272K, expenses of $273K, and assets of $222K (revenue +19.8% year-over-year).
• 2013: Revenue of $227K, expenses of $244K, and assets of $185K (revenue +13.5% year-over-year).
• 2012: Revenue of $200K, expenses of $179K, and assets of $277K (revenue -14.7% year-over-year).
• 2011: Revenue of $234K, expenses of $179K, and assets of $192K.

Data Sources and Methodology

This transparency report for Freedom Builders Of America 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.