Freedom From Bondage Inc
Freedom From Bondage Inc shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 201440703 · Athens, GA · NTEE: F20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $557K |
| Total Expenses | $529K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $416K |
| Transparency Score | 85/100 |
Is Freedom From Bondage Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freedom From Bondage Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freedom From Bondage Inc
Freedom From Bondage Inc (EIN: 201440703) is a nonprofit organization based in Athens, GA, classified under NTEE code F20. The organization reported total revenue of $557K and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom From Bondage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom From Bondage Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $557K |
| Total Expenses | $529K |
| Surplus / Deficit | +$28K |
| Total Assets | $869K |
| Total Liabilities | $453K |
| Net Assets | $416K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 52.1% |
| Months of Reserves | 19.7 months |
Financial Health Grade: A
In 2023, Freedom From Bondage Inc reported a surplus of $28K with revenue exceeding expenses, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 52.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Freedom From Bondage Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +12.1% | -0.9% |
| 2022 | +13.5% | +5.9% | +3.9% |
| 2021 | +26.8% | +27.0% | +38.9% |
| 2020 | -12.3% | +4.1% | +20.7% |
| 2019 | +20.9% | +9.6% | +118.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 From Bondage 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 From Bondage 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 $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.1%.
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 categories, which is highly favorable for a nonprofit of its size (revenue over $500,000).
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.
Strengths
The following positive indicators were identified for Freedom From Bondage Inc:
- Consistent revenue growth, from $199,380 in 2014 to $557,131 in 2023.
- No reported officer compensation across all 13 filings, indicating high efficiency or volunteer leadership.
- Consistent operating surplus in most years, demonstrating sound financial management (e.g., $557,131 revenue vs. $529,355 expenses in 2023).
- Significant growth in assets, from $228,493 in 2014 to $869,014 in 2023.
- Regular and extensive IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Freedom From Bondage Inc
Is Freedom From Bondage Inc a legitimate charity?
Freedom From Bondage Inc (EIN: 201440703) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $557K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Freedom From Bondage Inc spend its money?
Freedom From Bondage Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Freedom From Bondage Inc tax-deductible?
Freedom From Bondage Inc is registered as a tax-exempt nonprofit (EIN: 201440703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Freedom From Bondage Inc CEO make?
Freedom From Bondage Inc's highest-compensated officer earns $500,000 annually. The organization reported $557K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Freedom From Bondage Inc's spending goes to programs?
Freedom From Bondage Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Freedom From Bondage Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Freedom From Bondage Inc is above average for NTEE category F20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Freedom From Bondage Inc located?
Freedom From Bondage Inc is headquartered in Athens, Georgia and files with the IRS under EIN 201440703. It is classified under NTEE code F20.
How many years of IRS 990 filings does Freedom From Bondage Inc have?
Freedom From Bondage Inc has 13 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 $557K in total revenue.
Is Freedom From Bondage Inc a good charity?
Based on the available IRS 990 data, Freedom From Bondage Inc appears to be a financially healthy and well-managed charity. It demonstrates consistent revenue growth, maintains a surplus, and reports 0% officer compensation, which are strong indicators of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over the past decade, with revenue growing from $199,380 in 2014 to $557,131 in 2023, and assets increasing from $228,493 to $869,014 in the same period. This indicates robust growth and increasing capacity.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, growing from $228,493 in 2014 to $869,014 in 2023. Liabilities have fluctuated but generally remained at a manageable level relative to assets, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Freedom From Bondage Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freedom From Bondage Inc's revenue has grown by 354.5%, moving from $123K to $557K. Total assets increased by 333.4% over the same period, from $201K to $869K. Total functional expenses rose by 416%, from $103K to $529K. In its most recent filing year (2023), Freedom From Bondage Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $453K in liabilities against $869K in assets (debt-to-asset ratio: 52.1%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $557K | $529K | $869K | $453K | — | View 990 |
| 2022 | $525K | $472K | $877K | $489K | — | View 990 |
| 2021 | $462K | $446K | $844K | $508K | — | — |
| 2020 | $365K | $351K | $608K | $288K | — | View 990 |
| 2019 | $416K | $338K | $503K | $197K | — | View 990 |
| 2018 | $344K | $308K | $230K | $2K | — | View 990 |
| 2017 | $317K | $339K | $204K | $0 | — | View 990 |
| 2016 | $270K | $228K | $231K | $5K | — | View 990 |
| 2015 | $252K | $198K | $240K | $57K | — | View 990 |
| 2014 | $199K | $150K | $228K | $100K | — | View 990 |
| 2013 | $121K | $123K | $184K | $104K | — | View 990 |
| 2012 | $127K | $113K | $180K | $99K | — | View 990 |
| 2011 | $123K | $103K | $201K | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $557K, expenses of $529K, and assets of $869K (revenue +6.2% year-over-year).
- 2022: Revenue of $525K, expenses of $472K, and assets of $877K (revenue +13.5% year-over-year).
- 2021: Revenue of $462K, expenses of $446K, and assets of $844K (revenue +26.8% year-over-year).
- 2020: Revenue of $365K, expenses of $351K, and assets of $608K (revenue -12.3% year-over-year).
- 2019: Revenue of $416K, expenses of $338K, and assets of $503K (revenue +20.9% year-over-year).
- 2018: Revenue of $344K, expenses of $308K, and assets of $230K (revenue +8.4% year-over-year).
- 2017: Revenue of $317K, expenses of $339K, and assets of $204K (revenue +17.3% year-over-year).
- 2016: Revenue of $270K, expenses of $228K, and assets of $231K (revenue +7.2% year-over-year).
- 2015: Revenue of $252K, expenses of $198K, and assets of $240K (revenue +26.6% year-over-year).
- 2014: Revenue of $199K, expenses of $150K, and assets of $228K (revenue +64.3% year-over-year).
- 2013: Revenue of $121K, expenses of $123K, and assets of $184K (revenue -4.2% year-over-year).
- 2012: Revenue of $127K, expenses of $113K, and assets of $180K (revenue +3.3% year-over-year).
- 2011: Revenue of $123K, expenses of $103K, and assets of $201K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom From Bondage Inc:
Data Sources and Methodology
This transparency report for Freedom From Bondage 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.