Freedom House
Freedom House shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 204427718 · Greensboro, NC · NTEE: F20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $4.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.8 |
| Net Assets | $3.5M |
| Transparency Score | 92/100 |
Is Freedom House Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freedom House directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freedom House
Freedom House (EIN: 204427718) is a nonprofit organization based in Greensboro, NC, classified under NTEE code F20. The organization reported total revenue of $5.8M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom House is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 32.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$487K |
| Total Assets | $3.6M |
| Total Liabilities | $31K |
| Net Assets | $3.5M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Freedom House reported a surplus of $487K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Freedom House's revenue has grown at a compound annual growth rate (CAGR) of 32.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.3% | +36.5% | +16.6% |
| 2022 | +14.3% | +14.6% | +17.8% |
| 2021 | +28.6% | +23.9% | +18.9% |
| 2020 | +5.3% | +6.7% | +12.7% |
| 2019 | -4.3% | +14.1% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 House with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Freedom House allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $487K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Freedom House reports 0% officer compensation across all available filings, indicating that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with nearly $4.8 million in annual revenue.
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 House's IRS 990 filings:
- No reported officer compensation for an organization with nearly $4.8 million in revenue, which could indicate compensation is categorized differently or leadership is entirely volunteer, warranting further inquiry into how leadership is sustained.
Strengths
The following positive indicators were identified for Freedom House:
- Consistent and significant revenue growth, from $939,127 in 2014 to $4,756,420 in 2023.
- Healthy operating surpluses, with 2023 revenue ($4,756,420) exceeding expenses ($4,269,076).
- Strong asset growth, from $401,689 in 2014 to $3,580,283 in 2023, enhancing financial stability.
- Very low liabilities relative to assets, indicating strong financial health and low debt burden.
- No reported officer compensation, suggesting a high proportion of funds are directed to programs.
Frequently Asked Questions about Freedom House
Is Freedom House a legitimate charity?
Freedom House (EIN: 204427718) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Freedom House spend its money?
Freedom House directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Freedom House tax-deductible?
Freedom House is registered as a tax-exempt nonprofit (EIN: 204427718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Freedom House CEO make?
Freedom House's highest-compensated officer earns $4.8 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Freedom House's spending goes to programs?
Freedom House directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Freedom House compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Freedom House 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 House located?
Freedom House is headquartered in Greensboro, North Carolina and files with the IRS under EIN 204427718. It is classified under NTEE code F20.
How many years of IRS 990 filings does Freedom House have?
Freedom House 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 $5.8M in total revenue.
Is Freedom House a good charity?
Based on its financial data, Freedom House appears to be a very good charity. It demonstrates consistent financial growth, operates with a surplus, maintains low liabilities, and reports no officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has Freedom House's revenue grown over time?
Freedom House has experienced substantial revenue growth, increasing from $939,127 in 2014 to $4,756,420 in 2023, representing an increase of over 400% in less than a decade.
What is Freedom House's asset growth trend?
The organization's assets have grown significantly and consistently, from $401,689 in 2014 to $3,580,283 in 2023, indicating strong financial stability and capacity building.
Filing History
IRS 990 filing history for Freedom House showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Freedom House's revenue has grown by 3602.5%, moving from $128K to $4.8M. Total assets increased by 2781.7% over the same period, from $124K to $3.6M. Total functional expenses rose by 3871.3%, from $107K to $4.3M. In its most recent filing year (2023), Freedom House reported a surplus of $487K, with revenue exceeding expenses. The organization holds $31K in liabilities against $3.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $4.3M | $3.6M | $31K | — | — |
| 2022 | $3.6M | $3.1M | $3.1M | $9K | — | — |
| 2021 | $3.1M | $2.7M | $2.6M | $13K | — | View 990 |
| 2020 | $2.4M | $2.2M | $2.2M | $17K | — | — |
| 2019 | $2.3M | $2.1M | $1.9M | $15K | — | View 990 |
| 2018 | $2.4M | $1.8M | $2.1M | $544K | — | View 990 |
| 2017 | $1.8M | $1.5M | $1.7M | $743K | — | View 990 |
| 2016 | $1.4M | $1.3M | $638K | $5K | — | View 990 |
| 2015 | $1.4M | $1.2M | $567K | $0 | — | View 990 |
| 2014 | $939K | $864K | $402K | $0 | — | View 990 |
| 2013 | $757K | $685K | $335K | $3K | — | View 990 |
| 2012 | $387K | $377K | $269K | $10K | — | View 990 |
| 2011 | $344K | $230K | $254K | $18K | — | View 990 |
| 2010 | $128K | $107K | $124K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $4.3M, and assets of $3.6M (revenue +32.3% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.1M, and assets of $3.1M (revenue +14.3% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.7M, and assets of $2.6M (revenue +28.6% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.2M, and assets of $2.2M (revenue +5.3% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.1M, and assets of $1.9M (revenue -4.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.8M, and assets of $2.1M (revenue +31.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.5M, and assets of $1.7M (revenue +32.9% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $638K (revenue -3.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $567K (revenue +52.4% year-over-year).
- 2014: Revenue of $939K, expenses of $864K, and assets of $402K (revenue +24.0% year-over-year).
- 2013: Revenue of $757K, expenses of $685K, and assets of $335K (revenue +95.6% year-over-year).
- 2012: Revenue of $387K, expenses of $377K, and assets of $269K (revenue +12.4% year-over-year).
- 2011: Revenue of $344K, expenses of $230K, and assets of $254K (revenue +168.1% year-over-year).
- 2010: Revenue of $128K, expenses of $107K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom House:
Data Sources and Methodology
This transparency report for Freedom House 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.