Quick charity verification for First Community Foundation (EIN: 204215109)
Verdict: First Community Foundation appears trustworthy
85/100Mission Score
$4.3MRevenue
$17.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth in recent years (e.g., $7.1M in 2022, $6.0M in 2023).
Significant asset growth, reaching $14.6M in 2023.
Consistently low expenses relative to revenue, indicating efficient operations.
0% reported officer compensation across all filings, suggesting low administrative overhead.
Low liabilities relative to assets, indicating strong financial stability.
Spending Breakdown
How First Community Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about First Community Foundation
Is First Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, First Community Foundation (EIN: 204215109) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is First Community Foundation a good charity to donate to?
First Community Foundation has a Mission Score of 85/100. Revenue: $4.3M. Assets: $17.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for First Community Foundation?
The Employer Identification Number (EIN) for First Community Foundation is 204215109. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does First Community Foundation spend its money?
First Community Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify First Community Foundation's tax-exempt status?
You can verify First Community Foundation's tax-exempt status using EIN 204215109 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
First Community Foundation demonstrates strong financial health, particularly in recent years, with significant growth in both revenue and assets. For the period ending June 2023, the organization reported revenue of $5,997,560 against expenses of $1,108,514, indicating a substantial surplus. This trend of revenue significantly exceeding expenses is also evident in the 2022 period, with $7,119,554 in revenue and $801,650 in expenses. The organization's assets have grown considerably, reaching $14,600,548 in 2023 from $3,510,290 in 2021, suggesting effective asset management and investment strategies.
The foundation's spending efficiency appears robust, as expenses are consistently a small fraction of revenue, allowing for significant reinvestment or growth in assets. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which can contribute to lower overhead. While specific program spending details are not provided in the summary data, the overall financial picture points to an organization with ample resources relative to its operational costs.
Transparency is generally good given the consistent filing of IRS Form 990s. The lack of officer compensation is a positive indicator for public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency and program focus is challenging. Further detail on how the substantial revenue surpluses are utilized would enhance transparency.