Freedom To Read Foundation
EIN: 237102086 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $571K |
| Total Expenses | $391K |
| Net Assets | $2.1M |
Is Freedom To Read Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom To Read Foundation
Freedom To Read Foundation (EIN: 237102086) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $571K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom To Read Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom To Read Foundation is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $391K |
| Surplus / Deficit | +$9K |
| Total Assets | $2.2M |
| Total Liabilities | $119K |
| Net Assets | $2.1M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 67.3 months |
Financial Health Grade: A
In 2023, Freedom To Read Foundation reported a surplus of $9K with revenue exceeding expenses, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Freedom To Read Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.2% | -1.0% | +6.4% |
| 2022 | +4.2% | +57.5% | -13.4% |
| 2021 | -73.3% | -22.7% | +14.9% |
| 2020 | +107.2% | +25.7% | +49.7% |
| 2019 | +53.6% | +17.9% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom To Read Foundation 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 To Read Foundation 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Freedom To Read Foundation
Is Freedom To Read Foundation a legitimate charity?
Freedom To Read Foundation (EIN: 237102086) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $571K. No red flags identified. Financial health grade: A.
How does Freedom To Read Foundation spend its money?
Freedom To Read Foundation reported $571K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Freedom To Read Foundation tax-deductible?
Freedom To Read Foundation is registered as a tax-exempt nonprofit (EIN: 237102086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom To Read Foundation located?
Freedom To Read Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 237102086.
How many years of IRS 990 filings does Freedom To Read Foundation have?
Freedom To Read Foundation 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 $571K in total revenue.
Filing History
IRS 990 filing history for Freedom To Read Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freedom To Read Foundation's revenue has grown by 81.1%, moving from $221K to $400K. Total assets increased by 115.4% over the same period, from $1.0M to $2.2M. Total functional expenses rose by 82.2%, from $214K to $391K. In its most recent filing year (2023), Freedom To Read Foundation reported a surplus of $9K, with revenue exceeding expenses. The organization holds $119K in liabilities against $2.2M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $391K | $2.2M | $119K | — | — |
| 2022 | $283K | $395K | $2.1M | $114K | — | View 990 |
| 2021 | $272K | $251K | $2.4M | $87K | — | View 990 |
| 2020 | $1.0M | $324K | $2.1M | $74K | — | — |
| 2019 | $491K | $258K | $1.4M | $96K | — | View 990 |
| 2018 | $320K | $219K | $1.3M | $206K | — | View 990 |
| 2017 | $238K | $226K | $1.3M | $272K | — | View 990 |
| 2016 | $200K | $250K | $1.1M | $187K | — | View 990 |
| 2015 | $219K | $301K | $1.1M | $161K | — | View 990 |
| 2014 | $328K | $258K | $1.2M | $115K | — | View 990 |
| 2013 | $218K | $264K | $1.0M | $76K | — | View 990 |
| 2012 | $212K | $229K | $1.0M | $63K | — | View 990 |
| 2011 | $221K | $214K | $1.0M | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $391K, and assets of $2.2M (revenue +41.2% year-over-year).
- 2022: Revenue of $283K, expenses of $395K, and assets of $2.1M (revenue +4.2% year-over-year).
- 2021: Revenue of $272K, expenses of $251K, and assets of $2.4M (revenue -73.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $324K, and assets of $2.1M (revenue +107.2% year-over-year).
- 2019: Revenue of $491K, expenses of $258K, and assets of $1.4M (revenue +53.6% year-over-year).
- 2018: Revenue of $320K, expenses of $219K, and assets of $1.3M (revenue +34.5% year-over-year).
- 2017: Revenue of $238K, expenses of $226K, and assets of $1.3M (revenue +18.8% year-over-year).
- 2016: Revenue of $200K, expenses of $250K, and assets of $1.1M (revenue -8.7% year-over-year).
- 2015: Revenue of $219K, expenses of $301K, and assets of $1.1M (revenue -33.1% year-over-year).
- 2014: Revenue of $328K, expenses of $258K, and assets of $1.2M (revenue +50.3% year-over-year).
- 2013: Revenue of $218K, expenses of $264K, and assets of $1.0M (revenue +3.0% year-over-year).
- 2012: Revenue of $212K, expenses of $229K, and assets of $1.0M (revenue -4.2% year-over-year).
- 2011: Revenue of $221K, expenses of $214K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom To Read Foundation:
Data Sources and Methodology
This transparency report for Freedom To Read Foundation 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.