Freestyle Percussion Foundation Inc
Freestyle Percussion Foundation Inc shows fluctuating revenues and expenses, with no officer compensation reported.
EIN: 203942518 · Center Point, AL · NTEE: A68 · Updated: 2026-03-28
Is Freestyle Percussion Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freestyle Percussion Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freestyle Percussion Foundation Inc
Freestyle Percussion Foundation Inc (EIN: 203942518) is a nonprofit organization based in Center Point, AL, classified under NTEE code A68. The organization reported total revenue of $84K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freestyle Percussion Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freestyle Percussion Foundation Inc is a micro nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $135K |
| Surplus / Deficit | +$802 |
| Total Assets | $47K |
| Total Liabilities | $21K |
| Net Assets | $26K |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Freestyle Percussion Foundation Inc reported a surplus of $802 with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Freestyle Percussion Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.9% | -76.5% | +5.7% |
| 2022 | +416.4% | +510.1% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freestyle Percussion Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Freestyle Percussion Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $802, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is commendable and suggests that leadership is not drawing a salary from the organization's funds, especially given its modest revenue levels.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Freestyle Percussion Foundation Inc's IRS 990 filings:
- Significant expense exceeding revenue in 2022 ($574,443 expenses vs. $563,612 revenue)
- Lack of detailed expense breakdown in provided data to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Freestyle Percussion Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings
- Generally stable asset base despite revenue fluctuations
- Positive net income in 2021 and 2023, indicating financial sustainability in those periods
Frequently Asked Questions about Freestyle Percussion Foundation Inc
Is Freestyle Percussion Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freestyle Percussion Foundation Inc (EIN: 203942518) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Freestyle Percussion Foundation Inc spend its money?
Freestyle Percussion Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Freestyle Percussion Foundation Inc tax-deductible?
Freestyle Percussion Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203942518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue and expense spike in 2022?
The provided data shows a substantial increase in both revenue ($563,612) and expenses ($574,443) in 2022 compared to other years. Further details from the full 990 filing would be needed to understand the specific nature of these activities, such as a large grant, a specific project, or a major event.
What is the organization's primary program focus given its NTEE code A68?
NTEE code A68 typically refers to 'Performing Arts, Music.' This suggests the organization's primary program focus is likely related to music education, performance, or community engagement through percussion arts.
How does the organization manage its liabilities, which were $20,598 in 2023?
The presence of liabilities, particularly $20,598 in 2023, indicates outstanding obligations. A deeper dive into the 990 would reveal the nature of these liabilities (e.g., accounts payable, deferred revenue, loans) and the organization's strategy for managing them.
Filing History
IRS 990 filing history for Freestyle Percussion Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Freestyle Percussion Foundation Inc's revenue has grown by 24.2%, moving from $109K to $136K. Total assets decreased by 4.2% over the same period, from $49K to $47K. Total functional expenses rose by 43.2%, from $94K to $135K. In its most recent filing year (2023), Freestyle Percussion Foundation Inc reported a surplus of $802, with revenue exceeding expenses. The organization holds $21K in liabilities against $47K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $136K | $135K | $47K | $21K | — | View 990 |
| 2022 | $564K | $574K | $44K | $21K | — | View 990 |
| 2021 | $109K | $94K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $136K, expenses of $135K, and assets of $47K (revenue -75.9% year-over-year).
- 2022: Revenue of $564K, expenses of $574K, and assets of $44K (revenue +416.4% year-over-year).
- 2021: Revenue of $109K, expenses of $94K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freestyle Percussion Foundation Inc:
Data Sources and Methodology
This transparency report for Freestyle Percussion 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.