Friends Of Freedom Park
Friends Of Freedom Park experiences significant revenue and asset growth in 2023 with no officer compensation.
EIN: 203842342 · Prescott, WI · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $115K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $49,449 |
| Net Assets | $266K |
| Transparency Score | 90/100 |
Is Friends Of Freedom Park Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Freedom Park directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Freedom Park
Friends Of Freedom Park (EIN: 203842342) is a nonprofit organization based in Prescott, WI, classified under NTEE code S20. The organization reported total revenue of $117K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Freedom Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Freedom Park is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $115K |
| Surplus / Deficit | +$144K |
| Total Assets | $269K |
| Total Liabilities | $3K |
| Net Assets | $266K |
| Operating Margin | 55.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 28.1 months |
Financial Health Grade: A
In 2023, Friends Of Freedom Park reported a surplus of $144K with revenue exceeding expenses, holds 28.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Freedom Park's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.6% | -29.3% | +116.2% |
| 2022 | -30.2% | +7.3% | -21.6% |
| 2021 | +44.0% | +22.4% | +21.9% |
| 2020 | -3.0% | +25.4% | +1.1% |
| 2019 | +160.3% | +1.5% | +30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Friends Of Freedom Park with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Freedom Park allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $144K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Friends Of Freedom Park reports 0% officer compensation across all available filings, indicating a volunteer-led organization. This suggests that all funds are directed towards the organization's mission rather than executive salaries, which is highly efficient for an organization of its size with revenues ranging from $49,449 to $259,135.
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.
Strengths
The following positive indicators were identified for Friends Of Freedom Park:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Significant revenue growth in 2023, increasing from $125,447 to $259,135.
- Substantial asset growth in 2023, from $124,271 to $268,646.
- Low liabilities relative to assets across all reported periods, demonstrating sound financial management.
- Consistent IRS 990 filing history over 13 periods, indicating good transparency.
Frequently Asked Questions about Friends Of Freedom Park
Is Friends Of Freedom Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Freedom Park (EIN: 203842342) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Freedom Park spend its money?
Friends Of Freedom Park directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Freedom Park tax-deductible?
Friends Of Freedom Park is registered as a tax-exempt nonprofit (EIN: 203842342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Freedom Park CEO make?
Friends Of Freedom Park's highest-compensated officer earns $49,449 annually. The organization reported $117K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Freedom Park's spending goes to programs?
Friends Of Freedom Park directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Freedom Park compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of Freedom Park is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Freedom Park located?
Friends Of Freedom Park is headquartered in Prescott, Wisconsin and files with the IRS under EIN 203842342. It is classified under NTEE code S20.
How many years of IRS 990 filings does Friends Of Freedom Park have?
Friends Of Freedom Park 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 $117K in total revenue.
Is Friends Of Freedom Park a good charity?
Based on the available data, Friends Of Freedom Park appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds. The organization has also shown significant growth in revenue and assets in its latest filing (2023), suggesting increasing support and capacity.
How has Friends Of Freedom Park's financial health changed over time?
Friends Of Freedom Park has shown fluctuating but generally stable financial health, with a notable positive surge in 2023. Revenue increased from $125,447 in 2022 to $259,135 in 2023, and assets grew from $124,271 to $268,646 in the same period. Liabilities have remained consistently low, indicating good financial management.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to have none. All available IRS 990 filings show 0% officer compensation, indicating that the organization is run by volunteers and does not allocate funds to pay its officers.
Filing History
IRS 990 filing history for Friends Of Freedom Park showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Freedom Park's revenue has grown by 110.4%, moving from $123K to $259K. Total assets increased by 130.2% over the same period, from $117K to $269K. Total functional expenses rose by 12.9%, from $102K to $115K. In its most recent filing year (2023), Friends Of Freedom Park reported a surplus of $144K, with revenue exceeding expenses. The organization holds $3K in liabilities against $269K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $115K | $269K | $3K | — | — |
| 2022 | $125K | $162K | $124K | $3K | — | View 990 |
| 2021 | $180K | $151K | $159K | $202 | — | View 990 |
| 2020 | $125K | $124K | $130K | $177 | — | View 990 |
| 2019 | $129K | $99K | $129K | $0 | — | View 990 |
| 2018 | $49K | $97K | $99K | $0 | — | View 990 |
| 2017 | $96K | $104K | $146K | $0 | — | View 990 |
| 2016 | $103K | $104K | $154K | $0 | — | View 990 |
| 2015 | $102K | $96K | $155K | $0 | — | View 990 |
| 2014 | $107K | $100K | $148K | $0 | — | View 990 |
| 2013 | $104K | $84K | $140K | $0 | — | View 990 |
| 2012 | $125K | $121K | $121K | $0 | — | View 990 |
| 2011 | $123K | $102K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $115K, and assets of $269K (revenue +106.6% year-over-year).
- 2022: Revenue of $125K, expenses of $162K, and assets of $124K (revenue -30.2% year-over-year).
- 2021: Revenue of $180K, expenses of $151K, and assets of $159K (revenue +44.0% year-over-year).
- 2020: Revenue of $125K, expenses of $124K, and assets of $130K (revenue -3.0% year-over-year).
- 2019: Revenue of $129K, expenses of $99K, and assets of $129K (revenue +160.3% year-over-year).
- 2018: Revenue of $49K, expenses of $97K, and assets of $99K (revenue -48.7% year-over-year).
- 2017: Revenue of $96K, expenses of $104K, and assets of $146K (revenue -6.2% year-over-year).
- 2016: Revenue of $103K, expenses of $104K, and assets of $154K (revenue +0.5% year-over-year).
- 2015: Revenue of $102K, expenses of $96K, and assets of $155K (revenue -4.6% year-over-year).
- 2014: Revenue of $107K, expenses of $100K, and assets of $148K (revenue +3.4% year-over-year).
- 2013: Revenue of $104K, expenses of $84K, and assets of $140K (revenue -17.2% year-over-year).
- 2012: Revenue of $125K, expenses of $121K, and assets of $121K (revenue +1.8% year-over-year).
- 2011: Revenue of $123K, expenses of $102K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Freedom Park:
Data Sources and Methodology
This transparency report for Friends Of Freedom Park 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.