Freedoms Way Heritage Association
EIN: 43219394 · Devens, MA · NTEE: C50
| Metric | Value |
|---|---|
| Total Revenue | $505K |
| Total Expenses | $384K |
| Net Assets | $443K |
Is Freedoms Way Heritage Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedoms Way Heritage Association
Freedoms Way Heritage Association (EIN: 43219394) is a nonprofit organization based in Devens, MA, classified under NTEE code C50. The organization reported total revenue of $505K and total assets of $799K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedoms Way Heritage Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedoms Way Heritage Association is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $421K |
| Total Expenses | $384K |
| Surplus / Deficit | +$37K |
| Total Assets | $464K |
| Total Liabilities | $20K |
| Net Assets | $443K |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Freedoms Way Heritage Association reported a surplus of $37K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Freedoms Way Heritage Association's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | +11.2% | +11.2% |
| 2022 | -14.9% | -12.9% | -2.0% |
| 2021 | +30.5% | +36.2% | +1.1% |
| 2020 | +6.6% | -5.1% | +1.0% |
| 2019 | +17.3% | +19.1% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedoms Way Heritage Association 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 Freedoms Way Heritage Association 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Frequently Asked Questions about Freedoms Way Heritage Association
Is Freedoms Way Heritage Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedoms Way Heritage Association (EIN: 43219394) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedoms Way Heritage Association spend its money?
Detailed spending breakdown data is not yet available for Freedoms Way Heritage Association. Check back for updated IRS 990 analysis.
Are donations to Freedoms Way Heritage Association tax-deductible?
Freedoms Way Heritage Association is registered as a tax-exempt nonprofit (EIN: 43219394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedoms Way Heritage Association located?
Freedoms Way Heritage Association is headquartered in Devens, Massachusetts and files with the IRS under EIN 43219394. It is classified under NTEE code C50.
How many years of IRS 990 filings does Freedoms Way Heritage Association have?
Freedoms Way Heritage Association 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 $505K in total revenue.
Filing History
IRS 990 filing history for Freedoms Way Heritage Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freedoms Way Heritage Association's revenue has grown by 610.8%, moving from $59K to $421K. Total assets increased by 467.5% over the same period, from $82K to $464K. Total functional expenses rose by 321.2%, from $91K to $384K. In its most recent filing year (2023), Freedoms Way Heritage Association reported a surplus of $37K, with revenue exceeding expenses. The organization holds $20K in liabilities against $464K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $443K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $421K | $384K | $464K | $20K | — | View 990 |
| 2022 | $345K | $346K | $417K | $11K | — | View 990 |
| 2021 | $405K | $397K | $426K | $19K | — | View 990 |
| 2020 | $310K | $291K | $421K | $22K | — | View 990 |
| 2019 | $291K | $307K | $417K | $37K | — | View 990 |
| 2018 | $248K | $258K | $407K | $10K | — | View 990 |
| 2017 | $267K | $256K | $424K | $12K | — | View 990 |
| 2016 | $284K | $292K | $443K | $42K | — | View 990 |
| 2015 | $325K | $285K | $420K | $12K | — | View 990 |
| 2014 | $320K | $185K | $235K | $0 | — | View 990 |
| 2013 | $90K | $106K | $104K | $4K | — | View 990 |
| 2012 | $133K | $96K | $119K | $2K | — | View 990 |
| 2011 | $59K | $91K | $82K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $421K, expenses of $384K, and assets of $464K (revenue +22.3% year-over-year).
- 2022: Revenue of $345K, expenses of $346K, and assets of $417K (revenue -14.9% year-over-year).
- 2021: Revenue of $405K, expenses of $397K, and assets of $426K (revenue +30.5% year-over-year).
- 2020: Revenue of $310K, expenses of $291K, and assets of $421K (revenue +6.6% year-over-year).
- 2019: Revenue of $291K, expenses of $307K, and assets of $417K (revenue +17.3% year-over-year).
- 2018: Revenue of $248K, expenses of $258K, and assets of $407K (revenue -7.2% year-over-year).
- 2017: Revenue of $267K, expenses of $256K, and assets of $424K (revenue -6.0% year-over-year).
- 2016: Revenue of $284K, expenses of $292K, and assets of $443K (revenue -12.6% year-over-year).
- 2015: Revenue of $325K, expenses of $285K, and assets of $420K (revenue +1.6% year-over-year).
- 2014: Revenue of $320K, expenses of $185K, and assets of $235K (revenue +257.2% year-over-year).
- 2013: Revenue of $90K, expenses of $106K, and assets of $104K (revenue -32.6% year-over-year).
- 2012: Revenue of $133K, expenses of $96K, and assets of $119K (revenue +124.2% year-over-year).
- 2011: Revenue of $59K, expenses of $91K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedoms Way Heritage Association:
Data Sources and Methodology
This transparency report for Freedoms Way Heritage Association 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.