Malcolm Freeman Charitable Tr
EIN: 816560740 · Tulsa, OK · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $600K |
| Total Expenses | $321K |
| Net Assets | $2.8M |
Is Malcolm Freeman Charitable Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Malcolm Freeman Charitable Tr
Malcolm Freeman Charitable Tr (EIN: 816560740) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T20. The organization reported total revenue of $600K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Malcolm Freeman Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malcolm Freeman Charitable Tr is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $321K |
| Surplus / Deficit | $-206,578 |
| Total Assets | $2.8M |
| Total Liabilities | $3K |
| Net Assets | $2.8M |
| Operating Margin | -180.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 105.2 months |
Financial Health Grade: B
In 2023, Malcolm Freeman Charitable Tr reported a deficit of $207K with expenses exceeding revenue, holds 105.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Malcolm Freeman Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.9% | +41.5% | -7.8% |
| 2022 | -66.7% | -9.3% | -4.4% |
| 2021 | +238.7% | -18.7% | -0.6% |
| 2020 | -72.1% | +6.9% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Malcolm Freeman Charitable Tr 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 Malcolm Freeman Charitable Tr 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 $207K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Malcolm Freeman Charitable Tr
Is Malcolm Freeman Charitable Tr a legitimate charity?
Malcolm Freeman Charitable Tr (EIN: 816560740) is a registered tax-exempt nonprofit based in Oklahoma. It has 5 years of IRS 990 filings on record. Total revenue: $600K. No red flags identified. Financial health grade: B.
How does Malcolm Freeman Charitable Tr spend its money?
Malcolm Freeman Charitable Tr reported $600K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Malcolm Freeman Charitable Tr tax-deductible?
Malcolm Freeman Charitable Tr is registered as a tax-exempt nonprofit (EIN: 816560740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Malcolm Freeman Charitable Tr located?
Malcolm Freeman Charitable Tr is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 816560740. It is classified under NTEE code T20.
How many years of IRS 990 filings does Malcolm Freeman Charitable Tr have?
Malcolm Freeman Charitable Tr 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 $600K in total revenue.
Filing History
IRS 990 filing history for Malcolm Freeman Charitable Tr showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Malcolm Freeman Charitable Tr's revenue has declined by 61.3%, moving from $297K to $115K. Total assets decreased by 19.7% over the same period, from $3.5M to $2.8M. Total functional expenses rose by 11.5%, from $288K to $321K. In its most recent filing year (2023), Malcolm Freeman Charitable Tr reported a deficit of $207K, with expenses exceeding revenue. The organization holds $3K in liabilities against $2.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $321K | $2.8M | $3K | — | — |
| 2022 | $93K | $227K | $3.1M | $3K | — | View 990 |
| 2021 | $280K | $250K | $3.2M | $1 | — | — |
| 2020 | $83K | $308K | $3.2M | $60K | — | — |
| 2019 | $297K | $288K | $3.5M | $80K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $321K, and assets of $2.8M (revenue +22.9% year-over-year).
- 2022: Revenue of $93K, expenses of $227K, and assets of $3.1M (revenue -66.7% year-over-year).
- 2021: Revenue of $280K, expenses of $250K, and assets of $3.2M (revenue +238.7% year-over-year).
- 2020: Revenue of $83K, expenses of $308K, and assets of $3.2M (revenue -72.1% year-over-year).
- 2019: Revenue of $297K, expenses of $288K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Malcolm Freeman Charitable Tr:
Data Sources and Methodology
This transparency report for Malcolm Freeman Charitable Tr 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.