Freestate Legal Project Inc
EIN: 262174290 · Baltimore, MD · NTEE: I80
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Net Assets | $7K |
Is Freestate Legal Project 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 Legal Project Inc
Freestate Legal Project Inc (EIN: 262174290) is a nonprofit organization based in Baltimore, MD, classified under NTEE code I80. The organization reported total revenue of $1.3M and total assets of $320K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freestate Legal Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freestate Legal Project Inc is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $961K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-201,316 |
| Total Assets | $265K |
| Total Liabilities | $258K |
| Net Assets | $7K |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 97.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Freestate Legal Project Inc reported a deficit of $201K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 97.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Freestate Legal Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +15.4% | +10.8% |
| 2022 | +32.8% | +68.5% | -39.1% |
| 2021 | +7.7% | -12.0% | +13.8% |
| 2020 | +15.8% | +8.3% | +1.2% |
| 2019 | +44.1% | +54.3% | +346.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freestate Legal Project 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 Legal Project 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 $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.4%.
Frequently Asked Questions about Freestate Legal Project Inc
Is Freestate Legal Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freestate Legal Project Inc (EIN: 262174290) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freestate Legal Project Inc spend its money?
Detailed spending breakdown data is not yet available for Freestate Legal Project Inc. Check back for updated IRS 990 analysis.
Are donations to Freestate Legal Project Inc tax-deductible?
Freestate Legal Project Inc is registered as a tax-exempt nonprofit (EIN: 262174290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freestate Legal Project Inc located?
Freestate Legal Project Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 262174290. It is classified under NTEE code I80.
How many years of IRS 990 filings does Freestate Legal Project Inc have?
Freestate Legal Project Inc has 12 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Freestate Legal Project Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Freestate Legal Project Inc's revenue has grown by 812.7%, moving from $105K to $961K. Total assets increased by 279.1% over the same period, from $70K to $265K. Total functional expenses rose by 1807.2%, from $61K to $1.2M. In its most recent filing year (2023), Freestate Legal Project Inc reported a deficit of $201K, with expenses exceeding revenue. The organization holds $258K in liabilities against $265K in assets (debt-to-asset ratio: 97.4%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $961K | $1.2M | $265K | $258K | — | View 990 |
| 2022 | $900K | $1.0M | $239K | $31K | — | View 990 |
| 2021 | $677K | $598K | $393K | $77K | — | View 990 |
| 2020 | $629K | $679K | $345K | $109K | — | View 990 |
| 2019 | $543K | $627K | $341K | $54K | — | View 990 |
| 2017 | $377K | $406K | $76K | $77K | — | View 990 |
| 2016 | $554K | $602K | $89K | $62K | — | View 990 |
| 2015 | $320K | $424K | $157K | $83K | — | View 990 |
| 2014 | $347K | $321K | $287K | $103K | — | View 990 |
| 2013 | $234K | $161K | $159K | $0 | — | View 990 |
| 2012 | $117K | $93K | $86K | $0 | — | View 990 |
| 2011 | $105K | $61K | $70K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $961K, expenses of $1.2M, and assets of $265K (revenue +6.9% year-over-year).
- 2022: Revenue of $900K, expenses of $1.0M, and assets of $239K (revenue +32.8% year-over-year).
- 2021: Revenue of $677K, expenses of $598K, and assets of $393K (revenue +7.7% year-over-year).
- 2020: Revenue of $629K, expenses of $679K, and assets of $345K (revenue +15.8% year-over-year).
- 2019: Revenue of $543K, expenses of $627K, and assets of $341K (revenue +44.1% year-over-year).
- 2017: Revenue of $377K, expenses of $406K, and assets of $76K (revenue -31.9% year-over-year).
- 2016: Revenue of $554K, expenses of $602K, and assets of $89K (revenue +73.1% year-over-year).
- 2015: Revenue of $320K, expenses of $424K, and assets of $157K (revenue -7.7% year-over-year).
- 2014: Revenue of $347K, expenses of $321K, and assets of $287K (revenue +47.9% year-over-year).
- 2013: Revenue of $234K, expenses of $161K, and assets of $159K (revenue +101.1% year-over-year).
- 2012: Revenue of $117K, expenses of $93K, and assets of $86K (revenue +10.6% year-over-year).
- 2011: Revenue of $105K, expenses of $61K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freestate Legal Project Inc:
Data Sources and Methodology
This transparency report for Freestate Legal Project 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.