The Freedom Tour Inc
EIN: 814516415 · Eagle Lake, FL · NTEE: X20
Is The Freedom Tour Inc 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 Tour Inc
The Freedom Tour Inc (EIN: 814516415) is a nonprofit organization based in Eagle Lake, FL, classified under NTEE code X20. The organization reported total revenue of $767K and total assets of $536K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Freedom Tour Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Freedom Tour Inc is a small nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-230,477 |
| Total Assets | $520K |
| Total Liabilities | $276K |
| Net Assets | $244K |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 53.0% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, The Freedom Tour Inc reported a deficit of $230K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 53.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | +40.2% | -36.8% |
| 2022 | +123.8% | +69.9% | +183.3% |
| 2021 | +87.0% | +151.1% | -31.4% |
| 2020 | +224.6% | +140.2% | +4.0% |
| 2019 | +133.2% | +130.3% | +40754900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Freedom Tour Inc 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 Tour Inc 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 $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.0%.
Frequently Asked Questions about The Freedom Tour Inc
Is The Freedom Tour Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Freedom Tour Inc (EIN: 814516415) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Freedom Tour Inc spend its money?
Detailed spending breakdown data is not yet available for The Freedom Tour Inc. Check back for updated IRS 990 analysis.
Are donations to The Freedom Tour Inc tax-deductible?
The Freedom Tour Inc is registered as a tax-exempt nonprofit (EIN: 814516415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for The Freedom Tour Inc showing financial trends over 8 years of public records:
Total assets increased by 52011100% over the same period, from $1 to $520K. In its most recent filing year (2023), The Freedom Tour Inc reported a deficit of $230K, with expenses exceeding revenue. The organization holds $276K in liabilities against $520K in assets (debt-to-asset ratio: 53.0%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $520K | $276K | — | — |
| 2022 | $1.4M | $1.0M | $823K | $348K | — | — |
| 2021 | $618K | $606K | $291K | $184K | — | View 990 |
| 2020 | $331K | $242K | $424K | $238K | — | View 990 |
| 2019 | $102K | $101K | $408K | $144K | — | View 990 |
| 2018 | $44K | $44K | $1 | $0 | — | View 990 |
| 2017 | $28K | $28K | $1 | $0 | — | View 990 |
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $520K (revenue -12.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.0M, and assets of $823K (revenue +123.8% year-over-year).
- 2021: Revenue of $618K, expenses of $606K, and assets of $291K (revenue +87.0% year-over-year).
- 2020: Revenue of $331K, expenses of $242K, and assets of $424K (revenue +224.6% year-over-year).
- 2019: Revenue of $102K, expenses of $101K, and assets of $408K (revenue +133.2% year-over-year).
- 2018: Revenue of $44K, expenses of $44K, and assets of $1 (revenue +54.4% year-over-year).
- 2017: Revenue of $28K, expenses of $28K, and assets of $1.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for The Freedom Tour 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.