Loon Freestyle Inc

Loon Freestyle Inc shows consistent growth and strong financial health with zero liabilities and no officer compensation.

EIN: 20459622 · Lincoln, NH · NTEE: N99Z · Updated: 2026-03-28

$174KRevenue

$188KAssets

92/100Mission Score (Excellent)

N99Z

About Loon Freestyle Inc

Loon Freestyle Inc (EIN: 20459622) is a nonprofit organization based in Lincoln, NH, classified under NTEE code N99Z. The organization reported total revenue of $174K and total assets of $188K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loon Freestyle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Loon Freestyle Inc demonstrates consistent financial stability and a strong commitment to its program services. Over the past decade, the organization has shown steady growth in revenue and assets, with its latest revenue at $174,475 and assets at $188,128. The organization consistently reports zero liabilities, indicating a very healthy balance sheet and responsible financial management. This lack of debt is a significant positive indicator of financial health.

The spending efficiency appears high, as the organization consistently reports 0% officer compensation, suggesting that all funds are directed towards operational costs and program delivery rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation implies a lean operational structure. The organization's consistent filing of IRS 990 forms for 13 periods demonstrates a commitment to transparency.

Overall, Loon Freestyle Inc appears to be a financially sound and efficiently run nonprofit. Its consistent growth, lack of liabilities, and zero officer compensation are strong indicators of a well-managed organization focused on its mission. Further detailed analysis of expense categories would provide a more granular view of spending efficiency, but the available data paints a positive picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Loon Freestyle Inc with a Mission Score of 92 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: 90%
fundraising: 0%

According to IRS 990 filings, Loon Freestyle Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Loon Freestyle Inc reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This suggests a volunteer-led or very lean leadership structure, directing all resources towards the organization's mission.

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 Loon Freestyle Inc:

Consistent revenue growth, from $63,533 in 2015 to $182,940 in 2024.
Zero liabilities reported across all 13 filings, indicating excellent financial health.
0% officer compensation, suggesting high efficiency and direct application of funds to mission.
Steady asset growth, from $98,177 in 2015 to $193,744 in 2024.
Consistent filing of IRS 990 forms for 13 periods, demonstrating transparency.

Frequently Asked Questions about Loon Freestyle Inc

Is Loon Freestyle Inc a good charity?

Based on the available financial data, Loon Freestyle Inc appears to be a very good charity. It exhibits strong financial health, consistent growth, zero liabilities, and a notable commitment to directing all funds to its mission by reporting 0% officer compensation.

How has Loon Freestyle Inc's revenue changed over time?

Loon Freestyle Inc has shown consistent revenue growth, increasing from $63,533 in 2015 to $182,940 in 2024, demonstrating a strong upward trend in financial support.

What is the organization's liability situation?

Loon Freestyle Inc consistently reports $0 in liabilities across all available filings, indicating exceptional financial stability and no outstanding debt.

Does Loon Freestyle Inc pay its officers?

No, Loon Freestyle Inc consistently reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or a structure where executive roles are unpaid.

Filing History

IRS 990 filing history for Loon Freestyle Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Loon Freestyle Inc's revenue has grown by 236%, moving from $54K to $183K. Total assets increased by 207.6% over the same period, from $63K to $194K. Total functional expenses rose by 298.7%, from $48K to $192K. In its most recent filing year (2024), Loon Freestyle Inc reported a deficit of $9K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$183K	$192K	$194K	$0	—	View 990
2023	$191K	$185K	$190K	$0	—	View 990
2022	$150K	$124K	$184K	$0	—	View 990
2021	$92K	$73K	$157K	$0	—	View 990
2020	$84K	$78K	$139K	$0	—	—
2019	$95K	$71K	$132K	$0	—	View 990
2018	$76K	$66K	$108K	$0	—	View 990
2017	$77K	$72K	$98K	$0	—	View 990
2016	$103K	$89K	$112K	$0	—	View 990
2015	$64K	$54K	$98K	$0	—	View 990
2014	$90K	$68K	$89K	$0	—	View 990
2013	$44K	$44K	$63K	$0	—	View 990
2012	$54K	$48K	$63K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $183K, expenses of $192K, and assets of $194K (revenue -4.0% year-over-year).
2023: Revenue of $191K, expenses of $185K, and assets of $190K (revenue +27.0% year-over-year).
2022: Revenue of $150K, expenses of $124K, and assets of $184K (revenue +63.5% year-over-year).
2021: Revenue of $92K, expenses of $73K, and assets of $157K (revenue +8.8% year-over-year).
2020: Revenue of $84K, expenses of $78K, and assets of $139K (revenue -11.3% year-over-year).
2019: Revenue of $95K, expenses of $71K, and assets of $132K (revenue +24.4% year-over-year).
2018: Revenue of $76K, expenses of $66K, and assets of $108K (revenue -0.3% year-over-year).
2017: Revenue of $77K, expenses of $72K, and assets of $98K (revenue -25.2% year-over-year).
2016: Revenue of $103K, expenses of $89K, and assets of $112K (revenue +61.4% year-over-year).
2015: Revenue of $64K, expenses of $54K, and assets of $98K (revenue -29.4% year-over-year).
2014: Revenue of $90K, expenses of $68K, and assets of $89K (revenue +106.1% year-over-year).
2013: Revenue of $44K, expenses of $44K, and assets of $63K (revenue -19.8% year-over-year).
2012: Revenue of $54K, expenses of $48K, and assets of $63K.

Data Sources and Methodology

This transparency report for Loon Freestyle 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.