Freedom Preparatory Academy Charter Schools Alabama
EIN: 882959604 · Birmingham, AL · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $159K |
| Net Assets | $479K |
Is Freedom Preparatory Academy Charter Schools Alabama Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom Preparatory Academy Charter Schools Alabama
Freedom Preparatory Academy Charter Schools Alabama (EIN: 882959604) is a nonprofit organization based in Birmingham, AL, classified under NTEE code B29. The organization reported total revenue of $1.8M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Preparatory Academy Charter Schools Alabama's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Preparatory Academy Charter Schools Alabama is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 136.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $590K |
| Total Expenses | $159K |
| Surplus / Deficit | +$431K |
| Total Assets | $480K |
| Total Liabilities | $1K |
| Net Assets | $479K |
| Operating Margin | 73.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 36.3 months |
Financial Health Grade: A
In 2023, Freedom Preparatory Academy Charter Schools Alabama reported a surplus of $431K with revenue exceeding expenses, holds 36.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Freedom Preparatory Academy Charter Schools Alabama's revenue has grown at a compound annual growth rate (CAGR) of 136.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +136.0% | -5.5% | +839.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom Preparatory Academy Charter Schools Alabama 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 Preparatory Academy Charter Schools Alabama 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 surplus of $431K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Freedom Preparatory Academy Charter Schools Alabama
Is Freedom Preparatory Academy Charter Schools Alabama a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Preparatory Academy Charter Schools Alabama (EIN: 882959604) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom Preparatory Academy Charter Schools Alabama spend its money?
Detailed spending breakdown data is not yet available for Freedom Preparatory Academy Charter Schools Alabama. Check back for updated IRS 990 analysis.
Are donations to Freedom Preparatory Academy Charter Schools Alabama tax-deductible?
Freedom Preparatory Academy Charter Schools Alabama is registered as a tax-exempt nonprofit (EIN: 882959604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Preparatory Academy Charter Schools Alabama located?
Freedom Preparatory Academy Charter Schools Alabama is headquartered in Birmingham, Alabama and files with the IRS under EIN 882959604. It is classified under NTEE code B29.
How many years of IRS 990 filings does Freedom Preparatory Academy Charter Schools Alabama have?
Freedom Preparatory Academy Charter Schools Alabama has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Freedom Preparatory Academy Charter Schools Alabama showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Freedom Preparatory Academy Charter Schools Alabama's revenue has grown by 136%, moving from $250K to $590K. Total assets increased by 839.5% over the same period, from $51K to $480K. Total functional expenses fell by 5.5%, from $168K to $159K. In its most recent filing year (2023), Freedom Preparatory Academy Charter Schools Alabama reported a surplus of $431K, with revenue exceeding expenses. The organization holds $1K in liabilities against $480K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $479K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $590K | $159K | $480K | $1K | — | — |
| 2022 | $250K | $168K | $51K | $4K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Preparatory Academy Charter Schools Alabama:
Data Sources and Methodology
This transparency report for Freedom Preparatory Academy Charter Schools Alabama 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.