Is First Day Shoe Fund Legit?

Quick charity verification for First Day Shoe Fund (EIN: 204881364)

Verdict: First Day Shoe Fund appears trustworthy

92/100Mission Score
$693KRevenue
$916KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

First Day Shoe Fund demonstrates strong financial health and growth, with its latest reported assets at $916,305 and revenue at $692,851. The organization has shown consistent revenue growth over the past several years, from $72,661 in 2014 to $467,768 in 2023, indicating increasing support and operational capacity. Their spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $359,039 against $467,768 in revenue. The organization also exhibits excellent transparency by reporting zero officer compensation across all available filings, suggesting a volunteer-driven leadership model or very modest compensation not categorized as officer pay, which is a positive indicator for donor confidence.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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