Freedom Preparatory Inc
EIN: 880962569 · Wichita, KS · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $591K |
| Total Expenses | $665K |
| Net Assets | $110K |
Is Freedom Preparatory 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 Preparatory Inc
Freedom Preparatory Inc (EIN: 880962569) is a nonprofit organization based in Wichita, KS, classified under NTEE code B20. The organization reported total revenue of $591K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Preparatory Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Preparatory Inc is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 67.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $688K |
| Total Expenses | $665K |
| Surplus / Deficit | +$23K |
| Total Assets | $110K |
| Net Assets | $110K |
| Operating Margin | 3.3% |
| Months of Reserves | 2.0 months |
Financial Health Grade: A
In 2024, Freedom Preparatory Inc reported a surplus of $23K with revenue exceeding expenses, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2024), Freedom Preparatory Inc's revenue has grown at a compound annual growth rate (CAGR) of 67.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +181.7% | +194.6% | +493.6% |
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 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 Preparatory 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
Frequently Asked Questions about Freedom Preparatory Inc
Is Freedom Preparatory Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Preparatory Inc (EIN: 880962569) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom Preparatory Inc spend its money?
Detailed spending breakdown data is not yet available for Freedom Preparatory Inc. Check back for updated IRS 990 analysis.
Are donations to Freedom Preparatory Inc tax-deductible?
Freedom Preparatory Inc is registered as a tax-exempt nonprofit (EIN: 880962569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Preparatory Inc located?
Freedom Preparatory Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 880962569. It is classified under NTEE code B20.
How many years of IRS 990 filings does Freedom Preparatory Inc have?
Freedom Preparatory Inc 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 $591K in total revenue.
Filing History
IRS 990 filing history for Freedom Preparatory Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2024), Freedom Preparatory Inc's revenue has grown by 181.7%, moving from $244K to $688K. Total assets increased by 493.6% over the same period, from $18K to $110K. Total functional expenses rose by 194.6%, from $226K to $665K. In its most recent filing year (2024), Freedom Preparatory Inc reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $688K | $665K | $110K | $0 | — | — |
| 2022 | $244K | $226K | $18K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Preparatory Inc:
Data Sources and Methodology
This transparency report for Freedom Preparatory 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.