Freedom Collaborative Inc
EIN: 872681646 · Dover, DE · NTEE: Q02
Is Freedom Collaborative 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 Collaborative Inc
Freedom Collaborative Inc (EIN: 872681646) is a nonprofit organization based in Dover, DE, classified under NTEE code Q02. The organization reported total revenue of $196K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Collaborative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Collaborative Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 42.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $176K |
| Surplus / Deficit | $-9,085 |
| Total Assets | $2K |
| Total Liabilities | $18K |
| Net Assets | $-16,220 |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 836.6% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Freedom Collaborative Inc reported a deficit of $9K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 836.6% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Freedom Collaborative Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.2% | +41.3% | -48.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1250 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom Collaborative 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 Collaborative 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 836.6%.
Frequently Asked Questions about Freedom Collaborative Inc
Is Freedom Collaborative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Collaborative Inc (EIN: 872681646) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom Collaborative Inc spend its money?
Detailed spending breakdown data is not yet available for Freedom Collaborative Inc. Check back for updated IRS 990 analysis.
Are donations to Freedom Collaborative Inc tax-deductible?
Freedom Collaborative Inc is registered as a tax-exempt nonprofit (EIN: 872681646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Freedom Collaborative Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Freedom Collaborative Inc's revenue has grown by 42.2%, moving from $117K to $167K. Total assets decreased by 48.2% over the same period, from $4K to $2K. Total functional expenses rose by 41.3%, from $125K to $176K. In its most recent filing year (2023), Freedom Collaborative Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $18K in liabilities against $2K in assets (debt-to-asset ratio: 836.6%), resulting in net assets of $-16,220.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $176K | $2K | $18K | — | — |
| 2022 | $117K | $125K | $4K | $11K | — | — |
Data Sources and Methodology
This transparency report for Freedom Collaborative 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.