Freestate Community Foundation Inc
EIN: 320535922 · Mc Louth, KS · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $56K |
| Total Expenses | $53K |
| Net Assets | $29K |
Is Freestate Community Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freestate Community Foundation Inc
Freestate Community Foundation Inc (EIN: 320535922) is a nonprofit organization based in Mc Louth, KS, classified under NTEE code T20. The organization reported total revenue of $56K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freestate Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freestate Community Foundation Inc is a micro nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $53K |
| Surplus / Deficit | +$5K |
| Total Assets | $29K |
| Total Liabilities | $1 |
| Net Assets | $29K |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Freestate Community Foundation Inc reported a surplus of $5K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Freestate Community Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | -9.6% | +65.8% |
| 2022 | -9.2% | -33.0% | +32.0% |
| 2021 | -1.0% | -14.5% | -60.8% |
| 2020 | -6.1% | +15.0% | -50.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freestate Community Foundation 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 Freestate Community Foundation 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Freestate Community Foundation Inc
Is Freestate Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freestate Community Foundation Inc (EIN: 320535922) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freestate Community Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Freestate Community Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Freestate Community Foundation Inc tax-deductible?
Freestate Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 320535922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freestate Community Foundation Inc located?
Freestate Community Foundation Inc is headquartered in Mc Louth, Kansas and files with the IRS under EIN 320535922. It is classified under NTEE code T20.
How many years of IRS 990 filings does Freestate Community Foundation Inc have?
Freestate Community Foundation Inc has 5 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 $56K in total revenue.
Filing History
IRS 990 filing history for Freestate Community Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Freestate Community Foundation Inc's revenue has declined by 19.6%, moving from $71K to $57K. Total assets decreased by 57.6% over the same period, from $69K to $29K. Total functional expenses fell by 40.5%, from $89K to $53K. In its most recent filing year (2023), Freestate Community Foundation Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $29K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $53K | $29K | $1 | — | — |
| 2022 | $60K | $58K | $18K | $1 | — | View 990 |
| 2021 | $66K | $87K | $13K | $1 | — | View 990 |
| 2020 | $67K | $102K | $34K | $1 | — | — |
| 2019 | $71K | $89K | $69K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $53K, and assets of $29K (revenue -4.8% year-over-year).
- 2022: Revenue of $60K, expenses of $58K, and assets of $18K (revenue -9.2% year-over-year).
- 2021: Revenue of $66K, expenses of $87K, and assets of $13K (revenue -1.0% year-over-year).
- 2020: Revenue of $67K, expenses of $102K, and assets of $34K (revenue -6.1% year-over-year).
- 2019: Revenue of $71K, expenses of $89K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freestate Community Foundation Inc:
Data Sources and Methodology
This transparency report for Freestate Community Foundation 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.