Point Of Freedom
EIN: 341858358 · Euclid, OH · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $817K |
| Total Expenses | $802K |
| Net Assets | $240K |
Is Point Of Freedom Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Point Of Freedom
Point Of Freedom (EIN: 341858358) is a nonprofit organization based in Euclid, OH, classified under NTEE code L40. The organization reported total revenue of $817K and total assets of $340K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Point Of Freedom's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Point Of Freedom is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 38.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $817K |
| Total Expenses | $802K |
| Surplus / Deficit | +$15K |
| Total Assets | $340K |
| Total Liabilities | $100K |
| Net Assets | $240K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 29.3% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Point Of Freedom reported a surplus of $15K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 29.3% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Point Of Freedom's revenue has grown at a compound annual growth rate (CAGR) of 38.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | -22.6% | +10.8% |
| 2022 | -33.2% | -22.1% | -17.4% |
| 2020 | -100.0% | -100.0% | +37.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Point Of Freedom 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 Point Of Freedom 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.3%.
Frequently Asked Questions about Point Of Freedom
Is Point Of Freedom a legitimate charity?
Based on AI analysis of IRS 990 filings, Point Of Freedom (EIN: 341858358) insufficient data. 0 red flags identified, 0 strengths noted.
How does Point Of Freedom spend its money?
Detailed spending breakdown data is not yet available for Point Of Freedom. Check back for updated IRS 990 analysis.
Are donations to Point Of Freedom tax-deductible?
Point Of Freedom is registered as a tax-exempt nonprofit (EIN: 341858358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Point Of Freedom located?
Point Of Freedom is headquartered in Euclid, Ohio and files with the IRS under EIN 341858358. It is classified under NTEE code L40.
How many years of IRS 990 filings does Point Of Freedom have?
Point Of Freedom 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 $817K in total revenue.
Filing History
IRS 990 filing history for Point Of Freedom showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Point Of Freedom's revenue has grown by 272.8%, moving from $219K to $817K. Total assets increased by 4567.9% over the same period, from $7K to $340K. Total functional expenses rose by 278.7%, from $212K to $802K. In its most recent filing year (2023), Point Of Freedom reported a surplus of $15K, with revenue exceeding expenses. The organization holds $100K in liabilities against $340K in assets (debt-to-asset ratio: 29.3%), resulting in net assets of $240K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $817K | $802K | $340K | $100K | — | View 990 |
| 2022 | $1.0M | $1.0M | $307K | $81K | — | View 990 |
| 2021 | $1.5M | $1.3M | $371K | $141K | — | View 990 |
| 2020 | $0 | $0 | $10K | $0 | — | View 990 |
| 2019 | $219K | $212K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $817K, expenses of $802K, and assets of $340K (revenue -18.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $307K (revenue -33.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $371K.
- 2020: Revenue of $0, expenses of $0, and assets of $10K (revenue -100.0% year-over-year).
- 2019: Revenue of $219K, expenses of $212K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Point Of Freedom:
Data Sources and Methodology
This transparency report for Point Of Freedom 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.