The Freedom Resource
The Freedom Resource operates with a modest surplus and no liabilities in its initial filing.
EIN: 204541976 · Brentwood, TN · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $96K |
| Program Spending | 80% |
| Net Assets | $129K |
| Transparency Score | 70/100 |
Is The Freedom Resource Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Freedom Resource directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Freedom Resource
The Freedom Resource (EIN: 204541976) is a nonprofit organization based in Brentwood, TN, classified under NTEE code X99. The organization reported total revenue of $174K and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Freedom Resource's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Freedom Resource is a small nonprofit that has been operating for 8 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $96K |
| Surplus / Deficit | +$14K |
| Total Assets | $129K |
| Total Liabilities | $4 |
| Net Assets | $129K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, The Freedom Resource reported a surplus of $14K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2018 |
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 The Freedom Resource with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Freedom Resource allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 2023 filing, indicating that no salaries were paid to officers, which is common for very small or volunteer-led organizations.
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.
Red Flags
The following concerns were identified during AI analysis of The Freedom Resource's IRS 990 filings:
- Limited financial history (only one filing)
- NTEE code X99 (Unknown) provides no specific mission insight
Strengths
The following positive indicators were identified for The Freedom Resource:
- Operating with a financial surplus ($109,837 revenue vs. $96,122 expenses in 2023)
- No reported liabilities ($0 liabilities in 2023)
- No officer compensation reported in initial filing, potentially indicating high efficiency or volunteer leadership
Frequently Asked Questions about The Freedom Resource
Is The Freedom Resource a legitimate charity?
The Freedom Resource (EIN: 204541976) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 70/100. Total revenue: $174K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Freedom Resource spend its money?
The Freedom Resource directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Freedom Resource tax-deductible?
The Freedom Resource is registered as a tax-exempt nonprofit (EIN: 204541976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Freedom Resource's spending goes to programs?
The Freedom Resource directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Freedom Resource compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Freedom Resource is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Freedom Resource located?
The Freedom Resource is headquartered in Brentwood, Tennessee and files with the IRS under EIN 204541976. It is classified under NTEE code X99.
Is The Freedom Resource a good charity?
Based on its initial 990 filing, The Freedom Resource appears to be fiscally responsible, operating with a surplus ($109,837 revenue vs. $96,122 expenses) and no liabilities. Its financial health seems stable for a new organization, but more information on its programs and long-term spending efficiency would be needed for a definitive assessment.
What is The Freedom Resource's primary mission?
The IRS 990 filing does not explicitly state the organization's primary mission beyond its NTEE code X99 (Unknown). Further information would need to be sought from the organization directly or its website.
Filing History
IRS 990 filing history for The Freedom Resource showing financial trends over 1 year of public records:
In its most recent filing year (2023), The Freedom Resource reported a surplus of $14K, with revenue exceeding expenses. The organization holds $4 in liabilities against $129K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $129K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $96K | $129K | $4 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Freedom Resource:
Data Sources and Methodology
This transparency report for The Freedom Resource 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.