The Freedom Foundation Of Minnesota
EIN: 364592698 · Minneapolis, MN · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $263K |
| Net Assets | $31K |
Is The Freedom Foundation Of Minnesota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Freedom Foundation Of Minnesota
The Freedom Foundation Of Minnesota (EIN: 364592698) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S99. The organization reported total revenue of $277K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Freedom Foundation Of Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Freedom Foundation Of Minnesota is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $263K |
| Surplus / Deficit | $-38,092 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -16.9% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, The Freedom Foundation Of Minnesota reported a deficit of $38K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), The Freedom Foundation Of Minnesota's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +5.7% | -57.2% |
| 2022 | -48.4% | -7.0% | -48.8% |
| 2021 | +30.4% | +13.6% | +129.0% |
| 2020 | -18.8% | -27.9% | +101.0% |
| 2019 | +31.0% | +23.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Freedom Foundation Of Minnesota 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 The Freedom Foundation Of Minnesota 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 $38K, with expenses exceeding revenue.
Frequently Asked Questions about The Freedom Foundation Of Minnesota
Is The Freedom Foundation Of Minnesota a legitimate charity?
The Freedom Foundation Of Minnesota (EIN: 364592698) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $277K. No red flags identified. Financial health grade: C.
How does The Freedom Foundation Of Minnesota spend its money?
The Freedom Foundation Of Minnesota reported $277K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Freedom Foundation Of Minnesota tax-deductible?
The Freedom Foundation Of Minnesota is registered as a tax-exempt nonprofit (EIN: 364592698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Freedom Foundation Of Minnesota located?
The Freedom Foundation Of Minnesota is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 364592698. It is classified under NTEE code S99.
How many years of IRS 990 filings does The Freedom Foundation Of Minnesota have?
The Freedom Foundation Of Minnesota has 14 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 $277K in total revenue.
Filing History
IRS 990 filing history for The Freedom Foundation Of Minnesota showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Freedom Foundation Of Minnesota's revenue has declined by 19.8%, moving from $281K to $225K. Total assets increased by 192.3% over the same period, from $11K to $31K. Total functional expenses fell by 43.8%, from $468K to $263K. In its most recent filing year (2023), The Freedom Foundation Of Minnesota reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $263K | $31K | $0 | — | — |
| 2022 | $179K | $249K | $73K | $4K | — | View 990 |
| 2021 | $348K | $268K | $143K | $4K | — | View 990 |
| 2020 | $267K | $236K | $62K | $4K | — | View 990 |
| 2019 | $329K | $326K | $31K | $4K | — | — |
| 2018 | $251K | $265K | $30K | $5K | — | View 990 |
| 2017 | $363K | $365K | $46K | $7K | — | View 990 |
| 2016 | $319K | $272K | $56K | $15K | — | View 990 |
| 2015 | $351K | $359K | $12K | $19K | — | View 990 |
| 2014 | $349K | $374K | $15K | $13K | — | View 990 |
| 2013 | $333K | $349K | $41K | $15K | — | View 990 |
| 2012 | $406K | $368K | $50K | $8K | — | View 990 |
| 2011 | $419K | $421K | $21K | $16K | — | View 990 |
| 2010 | $281K | $468K | $11K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $263K, and assets of $31K (revenue +25.5% year-over-year).
- 2022: Revenue of $179K, expenses of $249K, and assets of $73K (revenue -48.4% year-over-year).
- 2021: Revenue of $348K, expenses of $268K, and assets of $143K (revenue +30.4% year-over-year).
- 2020: Revenue of $267K, expenses of $236K, and assets of $62K (revenue -18.8% year-over-year).
- 2019: Revenue of $329K, expenses of $326K, and assets of $31K (revenue +31.0% year-over-year).
- 2018: Revenue of $251K, expenses of $265K, and assets of $30K (revenue -30.9% year-over-year).
- 2017: Revenue of $363K, expenses of $365K, and assets of $46K (revenue +13.7% year-over-year).
- 2016: Revenue of $319K, expenses of $272K, and assets of $56K (revenue -9.0% year-over-year).
- 2015: Revenue of $351K, expenses of $359K, and assets of $12K (revenue +0.4% year-over-year).
- 2014: Revenue of $349K, expenses of $374K, and assets of $15K (revenue +5.0% year-over-year).
- 2013: Revenue of $333K, expenses of $349K, and assets of $41K (revenue -18.1% year-over-year).
- 2012: Revenue of $406K, expenses of $368K, and assets of $50K (revenue -3.0% year-over-year).
- 2011: Revenue of $419K, expenses of $421K, and assets of $21K (revenue +49.3% year-over-year).
- 2010: Revenue of $281K, expenses of $468K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Freedom Foundation Of Minnesota:
Data Sources and Methodology
This transparency report for The Freedom Foundation Of Minnesota 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.