Freeman-spicer Charities Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Freeman-spicer Charities Inc is a 501(c)(3) organization based in Bloomington, Indiana, registered in 1993, with $36,162 in FY2024 revenue. CharityIndex grades it B.
1812 E Bethel Ln, Bloomington, IN, 47408 EIN 35-1878608 Since 1993
Revenue (FY2024)
$36K
▲ 14.1% vs prior year
Expenses (FY2024)
$7,213
Net assets
$291K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Freeman-spicer Charities Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating483 mo reserves · +80% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Freeman-spicer Charities Inc: 483 mo reserves · +80% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Freeman-spicer Charities Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Freeman-spicer Charities Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1812 E Bethel Ln, Bloomington, IN, 47408
- City
- Bloomington
- State
- Indiana
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $43K (FY2020) to $36K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $291K
Operating margin
80.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$291K
Total liabilities
$0
Net assets
$291K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $36,162▲14.1% | $7,213▼45.4% | $290,536▲11.0% | $290,536▲10.7% | 990PF |
| 2023 | $31,703▲97.4% | $13,203▲4.0% | $261,787▲7.5% | $262,537▲7.8% | 990PF |
| 2022 | $16,062▼43.6% | $12,690▼17.4% | $243,487▲1.4% | $243,487▲1.4% | 990PF |
| 2021 | $28,464▼34.0% | $15,365▲11.8% | $240,215▲5.8% | $240,215▲5.8% | 990PF |
| 2020 | $43,118 | $13,744 | $227,116 | $227,116 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Freeman-spicer Charities Inc a legitimate nonprofit?
- Yes. Freeman-spicer Charities Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1878608, based in Bloomington, Indiana. Donations are tax-deductible.
- What is Freeman-spicer Charities Inc's EIN?
- Freeman-spicer Charities Inc's Employer Identification Number (EIN) is 35-1878608.
- How much revenue does Freeman-spicer Charities Inc report?
- Freeman-spicer Charities Inc reported $36,162 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Freeman-spicer Charities Inc have?
- CharityIndex grades Freeman-spicer Charities Inc B, based on financial health (reserves and operating margin).
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Data for Freeman-spicer Charities Inc (EIN 35-1878608) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.