Freedom Train Inc
EIN: 272034221 · Covington, LA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $236K |
| Net Assets | $7K |
Is Freedom Train 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 Train Inc
Freedom Train Inc (EIN: 272034221) is a nonprofit organization based in Covington, LA, classified under NTEE code X20. The organization reported total revenue of $205K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Train Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Train Inc is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $236K |
| Surplus / Deficit | $-16,756 |
| Total Assets | $17K |
| Total Liabilities | $10K |
| Net Assets | $7K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 58.6% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Freedom Train Inc reported a deficit of $17K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 58.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Freedom Train Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | +2.8% | -56.6% |
| 2022 | +27.4% | +23.6% | +20.8% |
| 2021 | -19.9% | -13.0% | -2.6% |
| 2020 | -4.5% | -9.6% | +18.1% |
| 2019 | +16.6% | +2.2% | +74.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom Train 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 Train 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.6%.
Frequently Asked Questions about Freedom Train Inc
Is Freedom Train Inc a legitimate charity?
Freedom Train Inc (EIN: 272034221) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $205K. No red flags identified. Financial health grade: D.
How does Freedom Train Inc spend its money?
Freedom Train Inc reported $205K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Freedom Train Inc tax-deductible?
Freedom Train Inc is registered as a tax-exempt nonprofit (EIN: 272034221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Train Inc located?
Freedom Train Inc is headquartered in Covington, Louisiana and files with the IRS under EIN 272034221. It is classified under NTEE code X20.
How many years of IRS 990 filings does Freedom Train Inc have?
Freedom Train Inc 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 $205K in total revenue.
Filing History
IRS 990 filing history for Freedom Train Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Freedom Train Inc's revenue has grown by 116.1%, moving from $101K to $219K. Total assets increased by 107.4% over the same period, from $8K to $17K. Total functional expenses rose by 152.9%, from $93K to $236K. In its most recent filing year (2023), Freedom Train Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $10K in liabilities against $17K in assets (debt-to-asset ratio: 58.6%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $236K | $17K | $10K | — | — |
| 2022 | $242K | $229K | $39K | $15K | — | View 990 |
| 2021 | $190K | $185K | $32K | $21K | — | View 990 |
| 2020 | $238K | $213K | $33K | $27K | — | View 990 |
| 2019 | $249K | $236K | $28K | $46K | — | View 990 |
| 2018 | $213K | $231K | $16K | $48K | — | View 990 |
| 2017 | $224K | $216K | $28K | $43K | — | View 990 |
| 2016 | $192K | $201K | $6K | $29K | — | View 990 |
| 2015 | $212K | $204K | $9K | $23K | — | View 990 |
| 2014 | $171K | $185K | $8K | $30K | — | View 990 |
| 2013 | $140K | $146K | $13K | $20K | — | View 990 |
| 2012 | $122K | $125K | $5K | $7K | — | View 990 |
| 2011 | $81K | $88K | $1K | $0 | — | View 990 |
| 2010 | $101K | $93K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $236K, and assets of $17K (revenue -9.7% year-over-year).
- 2022: Revenue of $242K, expenses of $229K, and assets of $39K (revenue +27.4% year-over-year).
- 2021: Revenue of $190K, expenses of $185K, and assets of $32K (revenue -19.9% year-over-year).
- 2020: Revenue of $238K, expenses of $213K, and assets of $33K (revenue -4.5% year-over-year).
- 2019: Revenue of $249K, expenses of $236K, and assets of $28K (revenue +16.6% year-over-year).
- 2018: Revenue of $213K, expenses of $231K, and assets of $16K (revenue -4.7% year-over-year).
- 2017: Revenue of $224K, expenses of $216K, and assets of $28K (revenue +16.4% year-over-year).
- 2016: Revenue of $192K, expenses of $201K, and assets of $6K (revenue -9.2% year-over-year).
- 2015: Revenue of $212K, expenses of $204K, and assets of $9K (revenue +24.3% year-over-year).
- 2014: Revenue of $171K, expenses of $185K, and assets of $8K (revenue +21.8% year-over-year).
- 2013: Revenue of $140K, expenses of $146K, and assets of $13K (revenue +14.5% year-over-year).
- 2012: Revenue of $122K, expenses of $125K, and assets of $5K (revenue +50.4% year-over-year).
- 2011: Revenue of $81K, expenses of $88K, and assets of $1K (revenue -19.7% year-over-year).
- 2010: Revenue of $101K, expenses of $93K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Train Inc:
Data Sources and Methodology
This transparency report for Freedom Train 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.