Freedom Charitable Foundation Inc
EIN: 472116414 · Huntington, WV
| Metric | Value |
|---|---|
| Total Expenses | $13K |
| Net Assets | $12K |
Is Freedom Charitable Foundation 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 Charitable Foundation Inc
Freedom Charitable Foundation Inc (EIN: 472116414) is a nonprofit organization based in Huntington, WV. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Charitable Foundation Inc is a micro nonprofit, with 2 years of IRS 990 filings on record (2014–2015). Revenue has grown at a compound annual rate of -90.4%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $13K |
| Surplus / Deficit | $-11,146 |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | -495.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2015, Freedom Charitable Foundation Inc reported a deficit of $11K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2014–2015), Freedom Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -90.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -90.4% | — | -47.4% |
AI Analysis Pending
AI enrichment for Freedom Charitable Foundation 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 Charitable Foundation 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 (2015)
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 Charitable Foundation Inc
Is Freedom Charitable Foundation Inc a legitimate charity?
Freedom Charitable Foundation Inc (EIN: 472116414) is a registered tax-exempt nonprofit based in West Virginia. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Freedom Charitable Foundation Inc spend its money?
Freedom Charitable Foundation Inc reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Freedom Charitable Foundation Inc tax-deductible?
Freedom Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 472116414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Charitable Foundation Inc located?
Freedom Charitable Foundation Inc is headquartered in Huntington, West Virginia and files with the IRS under EIN 472116414.
How many years of IRS 990 filings does Freedom Charitable Foundation Inc have?
Freedom Charitable Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Freedom Charitable Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2014–2015), Freedom Charitable Foundation Inc's revenue has declined by 90.4%, moving from $24K to $2K. Total assets decreased by 47.4% over the same period, from $24K to $12K. In its most recent filing year (2015), Freedom Charitable Foundation Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $2K | $13K | $12K | $1 | — | View 990 |
| 2014 | $24K | $0 | $24K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Freedom Charitable Foundation 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.