Freedom Challenge Inc
Freedom Challenge Inc shows consistent revenue growth and no reported officer compensation over the last decade.
EIN: 203485264 · Wichita, KS · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $277K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $220,395. |
| Net Assets | $54K |
| Transparency Score | 85/100 |
Is Freedom Challenge Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freedom Challenge Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freedom Challenge Inc
Freedom Challenge Inc (EIN: 203485264) is a nonprofit organization based in Wichita, KS, classified under NTEE code X20. The organization reported total revenue of $220K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Challenge Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Challenge Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $277K |
| Surplus / Deficit | +$16K |
| Total Assets | $87K |
| Total Liabilities | $34K |
| Net Assets | $54K |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 38.5% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Freedom Challenge Inc reported a surplus of $16K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 38.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Freedom Challenge Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.4% | +20.5% | +76.6% |
| 2022 | -11.0% | -11.3% | +13.5% |
| 2021 | +54.7% | +32.8% | -1.7% |
| 2020 | +34.2% | +76.9% | -20.3% |
| 2019 | +75.4% | +32.2% | +526.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Freedom Challenge Inc with a Mission Score of 85 out of 100 (Excellent). 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 Challenge Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $220,395.
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 Challenge Inc's IRS 990 filings:
- Increasing liabilities from $984 in 2018 to $33,649 in 2023, which, while not disproportionate to assets, warrants monitoring.
Strengths
The following positive indicators were identified for Freedom Challenge Inc:
- Consistent revenue growth, from $74,554 in 2015 to $293,015 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency and volunteer engagement.
- Consistent filing of IRS Form 990s for 14 periods, demonstrating strong transparency and compliance.
- Positive net assets, growing from $8,901 in 2018 to $87,491 in 2023, indicating financial stability.
Frequently Asked Questions about Freedom Challenge Inc
Is Freedom Challenge Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Challenge Inc (EIN: 203485264) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Freedom Challenge Inc spend its money?
Freedom Challenge Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Freedom Challenge Inc tax-deductible?
Freedom Challenge Inc is registered as a tax-exempt nonprofit (EIN: 203485264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Freedom Challenge Inc CEO make?
Freedom Challenge Inc's highest-compensated officer earns $220,395. annually. The organization reported $220K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Freedom Challenge Inc's spending goes to programs?
Freedom Challenge Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Freedom Challenge Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Freedom Challenge Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Freedom Challenge Inc located?
Freedom Challenge Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 203485264. It is classified under NTEE code X20.
How many years of IRS 990 filings does Freedom Challenge Inc have?
Freedom Challenge 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 $220K in total revenue.
Is Freedom Challenge Inc a good charity?
Based on the provided data, Freedom Challenge Inc appears to be a well-managed charity with strong financial growth and a commitment to efficiency, as evidenced by 0% officer compensation and consistent IRS 990 filings. Its ability to grow revenue from $74,554 in 2015 to $293,015 in 2023 while keeping leadership costs at zero is commendable.
How has Freedom Challenge Inc's financial health changed over time?
Freedom Challenge Inc has shown significant financial growth, with revenue increasing from $74,554 in 2015 to $293,015 in 2023. Assets have also grown from $19,197 in 2015 to $87,491 in 2023, indicating improved financial health and capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly volunteer-driven leadership model or that compensation is structured in a way that does not fall under 'officer compensation' on the 990 form. This indicates a very lean approach to executive costs.
Filing History
IRS 990 filing history for Freedom Challenge Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Freedom Challenge Inc's revenue has grown by 195.2%, moving from $99K to $293K. Total assets decreased by 60% over the same period, from $219K to $87K. Total functional expenses rose by 147.7%, from $112K to $277K. In its most recent filing year (2023), Freedom Challenge Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $34K in liabilities against $87K in assets (debt-to-asset ratio: 38.5%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $293K | $277K | $87K | $34K | — | — |
| 2022 | $243K | $230K | $50K | $12K | — | View 990 |
| 2021 | $273K | $259K | $44K | $19K | — | View 990 |
| 2020 | $177K | $195K | $44K | $34K | — | View 990 |
| 2019 | $132K | $110K | $56K | $27K | — | View 990 |
| 2018 | $75K | $84K | $9K | $984 | — | View 990 |
| 2017 | $87K | $84K | $19K | $3K | — | View 990 |
| 2016 | $94K | $98K | $15K | $2K | — | View 990 |
| 2015 | $75K | $92K | $19K | $2K | — | View 990 |
| 2014 | $89K | $78K | $36K | $2K | — | View 990 |
| 2013 | $75K | $60K | $26K | $3K | — | View 990 |
| 2012 | $-11,315 | $52K | $8K | $710 | — | View 990 |
| 2011 | $111K | $102K | $215K | $144K | — | View 990 |
| 2010 | $99K | $112K | $219K | $157K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $293K, expenses of $277K, and assets of $87K (revenue +20.4% year-over-year).
- 2022: Revenue of $243K, expenses of $230K, and assets of $50K (revenue -11.0% year-over-year).
- 2021: Revenue of $273K, expenses of $259K, and assets of $44K (revenue +54.7% year-over-year).
- 2020: Revenue of $177K, expenses of $195K, and assets of $44K (revenue +34.2% year-over-year).
- 2019: Revenue of $132K, expenses of $110K, and assets of $56K (revenue +75.4% year-over-year).
- 2018: Revenue of $75K, expenses of $84K, and assets of $9K (revenue -14.0% year-over-year).
- 2017: Revenue of $87K, expenses of $84K, and assets of $19K (revenue -7.1% year-over-year).
- 2016: Revenue of $94K, expenses of $98K, and assets of $15K (revenue +26.0% year-over-year).
- 2015: Revenue of $75K, expenses of $92K, and assets of $19K (revenue -16.2% year-over-year).
- 2014: Revenue of $89K, expenses of $78K, and assets of $36K (revenue +17.9% year-over-year).
- 2013: Revenue of $75K, expenses of $60K, and assets of $26K.
- 2012: Revenue of $-11,315, expenses of $52K, and assets of $8K (revenue -110.2% year-over-year).
- 2011: Revenue of $111K, expenses of $102K, and assets of $215K (revenue +11.9% year-over-year).
- 2010: Revenue of $99K, expenses of $112K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Challenge Inc:
Data Sources and Methodology
This transparency report for Freedom Challenge 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.