The Freeman Foundation P 01644 00 7
The Freeman Foundation maintains robust financial health with growing assets and consistent revenue exceeding expenses, reporting zero officer compensation.
EIN: 132965090 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $126.7M |
| Total Expenses | $24.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $350 |
| Net Assets | $358.8M |
| Transparency Score | 92/100 |
Is The Freeman Foundation P 01644 00 7 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Freeman Foundation P 01644 00 7 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Freeman Foundation P 01644 00 7
The Freeman Foundation P 01644 00 7 (EIN: 132965090) is a nonprofit organization based in New York, NY. The organization reported total revenue of $126.7M and total assets of $371.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Freeman Foundation P 01644 00 7's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Freeman Foundation P 01644 00 7 is a major nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40.2M |
| Total Expenses | $24.2M |
| Surplus / Deficit | +$16.0M |
| Total Assets | $358.8M |
| Total Liabilities | $1 |
| Net Assets | $358.8M |
| Operating Margin | 39.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.8 months |
Financial Health Grade: A
In 2023, The Freeman Foundation P 01644 00 7 reported a surplus of $16.0M with revenue exceeding expenses, holds 177.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Freeman Foundation P 01644 00 7's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +280.1% | +2.6% | +4.5% |
| 2022 | -71.6% | -2.1% | -3.7% |
| 2021 | +3.5% | +27.1% | +3.8% |
| 2020 | +22.4% | -20.3% | +6.6% |
| 2019 | +1.5% | +17.4% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Freeman Foundation P 01644 00 7 with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Freeman Foundation P 01644 00 7 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $16.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $350 million. This suggests either a fully volunteer leadership or compensation structured in a way that is not reported as officer compensation on the 990, which warrants further investigation for complete transparency.
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 Freeman Foundation P 01644 00 7's IRS 990 filings:
- Lack of detailed expense breakdown on 990 for program vs. administrative costs
- 0% officer compensation reported, which is unusual for an organization of this scale and could indicate compensation is reported elsewhere or through related entities, requiring deeper scrutiny for full transparency.
Strengths
The following positive indicators were identified for The Freeman Foundation P 01644 00 7:
- Consistent and significant asset growth over more than a decade, from $254M in 2011 to $358M in 2023.
- Revenue consistently exceeds expenses, indicating strong financial management and sustainability.
- Extremely low reported liabilities ($1 across all filings), reflecting a very healthy balance sheet.
- Zero reported officer compensation, suggesting high efficiency in leadership costs or a volunteer-driven executive structure.
- Strong financial reserves to support long-term mission fulfillment.
Frequently Asked Questions about The Freeman Foundation P 01644 00 7
Is The Freeman Foundation P 01644 00 7 a legitimate charity?
The Freeman Foundation P 01644 00 7 (EIN: 132965090) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $126.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Freeman Foundation P 01644 00 7 spend its money?
The Freeman Foundation P 01644 00 7 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Freeman Foundation P 01644 00 7 tax-deductible?
The Freeman Foundation P 01644 00 7 is registered as a tax-exempt nonprofit (EIN: 132965090). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Freeman Foundation P 01644 00 7 CEO make?
The Freeman Foundation P 01644 00 7's highest-compensated officer earns $350 annually. The organization reported $126.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Freeman Foundation P 01644 00 7 located?
The Freeman Foundation P 01644 00 7 is headquartered in New York, New York and files with the IRS under EIN 132965090.
How many years of IRS 990 filings does The Freeman Foundation P 01644 00 7 have?
The Freeman Foundation P 01644 00 7 has 10 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 $126.7M in total revenue.
Is The Freeman Foundation a good charity?
Based on the available IRS 990 data, The Freeman Foundation appears to be a financially sound organization with strong asset growth and consistent revenue generation. The reported 0% officer compensation is a notable positive for efficiency and donor trust. However, without detailed expense breakdowns beyond total expenses, it's difficult to fully assess program efficiency, but the overall financial health is strong.
How does The Freeman Foundation manage its expenses?
The Freeman Foundation consistently manages its expenses well below its revenue, as evidenced by the 2023 filing where expenses were $24,212,294 against revenues of $40,170,636. This indicates a fiscally conservative approach and a healthy operating margin, allowing for asset growth and sustained grantmaking.
What is the trend in The Freeman Foundation's assets?
The Freeman Foundation has shown a consistent upward trend in its assets, growing from $254,781,509 in 2011 to $358,789,461 in 2023. This significant growth in assets demonstrates strong financial stewardship and investment performance, enhancing its long-term capacity to fulfill its mission.
Filing History
IRS 990 filing history for The Freeman Foundation P 01644 00 7 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Freeman Foundation P 01644 00 7's revenue has grown by 132.8%, moving from $17.3M to $40.2M. Total assets increased by 40.8% over the same period, from $254.8M to $358.8M. Total functional expenses rose by 57.8%, from $15.3M to $24.2M. In its most recent filing year (2023), The Freeman Foundation P 01644 00 7 reported a surplus of $16.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $358.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $358.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40.2M | $24.2M | $358.8M | $1 | — | View 990 |
| 2022 | $10.6M | $23.6M | $343.3M | $1 | — | View 990 |
| 2021 | $37.2M | $24.1M | $356.6M | $1 | — | View 990 |
| 2020 | $35.9M | $19.0M | $343.4M | $1 | — | View 990 |
| 2019 | $29.4M | $23.8M | $322.1M | $1 | — | — |
| 2015 | $28.9M | $20.2M | $290.0M | $1 | — | View 990 |
| 2014 | $31.7M | $18.6M | $281.4M | $1 | — | View 990 |
| 2013 | $25.9M | $15.1M | $268.4M | $1 | — | View 990 |
| 2012 | $19.6M | $16.6M | $257.7M | $1 | — | View 990 |
| 2011 | $17.3M | $15.3M | $254.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.2M, expenses of $24.2M, and assets of $358.8M (revenue +280.1% year-over-year).
- 2022: Revenue of $10.6M, expenses of $23.6M, and assets of $343.3M (revenue -71.6% year-over-year).
- 2021: Revenue of $37.2M, expenses of $24.1M, and assets of $356.6M (revenue +3.5% year-over-year).
- 2020: Revenue of $35.9M, expenses of $19.0M, and assets of $343.4M (revenue +22.4% year-over-year).
- 2019: Revenue of $29.4M, expenses of $23.8M, and assets of $322.1M (revenue +1.5% year-over-year).
- 2015: Revenue of $28.9M, expenses of $20.2M, and assets of $290.0M (revenue -8.9% year-over-year).
- 2014: Revenue of $31.7M, expenses of $18.6M, and assets of $281.4M (revenue +22.6% year-over-year).
- 2013: Revenue of $25.9M, expenses of $15.1M, and assets of $268.4M (revenue +32.3% year-over-year).
- 2012: Revenue of $19.6M, expenses of $16.6M, and assets of $257.7M (revenue +13.4% year-over-year).
- 2011: Revenue of $17.3M, expenses of $15.3M, and assets of $254.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Freeman Foundation P 01644 00 7:
Data Sources and Methodology
This transparency report for The Freeman Foundation P 01644 00 7 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.