Associations Of First Colony Inc
Associations Of First Colony Inc operates with volunteer leadership and tight financial margins, occasionally incurring deficits.
EIN: 201223581 · Sugar Land, TX · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $927K |
| Total Expenses | $922K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $800,000. |
| Net Assets | $195K |
| Transparency Score | 85/100 |
Is Associations Of First Colony Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Associations Of First Colony Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Associations Of First Colony Inc
Associations Of First Colony Inc (EIN: 201223581) is a nonprofit organization based in Sugar Land, TX, classified under NTEE code L50. The organization reported total revenue of $927K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associations Of First Colony Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Associations Of First Colony Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $922K |
| Total Expenses | $922K |
| Surplus / Deficit | +$456 |
| Total Assets | $200K |
| Total Liabilities | $5K |
| Net Assets | $195K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 2.6 months |
Financial Health Grade: B
In 2023, Associations Of First Colony Inc reported a surplus of $456 with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Associations Of First Colony Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +0.8% | -37.8% |
| 2022 | +9.2% | +15.2% | +50.3% |
| 2021 | -13.2% | -4.6% | -3.4% |
| 2019 | -0.8% | -0.4% | +7.9% |
| 2018 | +3.1% | -0.2% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2006 |
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 Associations Of First Colony Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Associations Of First Colony Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $456, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization is run by volunteer officers. This is highly commendable for an organization of its size, with annual revenues often exceeding $800,000.
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 Associations Of First Colony Inc's IRS 990 filings:
- Significant deficit in 2022 ($106,464), leading to increased liabilities and decreased assets.
- Fluctuating revenue and expenses, with some years showing expenses exceeding revenue.
Strengths
The following positive indicators were identified for Associations Of First Colony Inc:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Generally operates with revenues closely matching expenses, suggesting a focus on direct operational needs.
- Low liabilities in most years, indicating a conservative approach to debt.
Frequently Asked Questions about Associations Of First Colony Inc
Is Associations Of First Colony Inc a legitimate charity?
Associations Of First Colony Inc (EIN: 201223581) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $927K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Associations Of First Colony Inc spend its money?
Associations Of First Colony Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Associations Of First Colony Inc tax-deductible?
Associations Of First Colony Inc is registered as a tax-exempt nonprofit (EIN: 201223581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Associations Of First Colony Inc CEO make?
Associations Of First Colony Inc's highest-compensated officer earns $800,000. annually. The organization reported $927K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Associations Of First Colony Inc's spending goes to programs?
Associations Of First Colony Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Associations Of First Colony Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Associations Of First Colony Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Associations Of First Colony Inc located?
Associations Of First Colony Inc is headquartered in Sugar Land, Texas and files with the IRS under EIN 201223581. It is classified under NTEE code L50.
How many years of IRS 990 filings does Associations Of First Colony Inc have?
Associations Of First Colony Inc has 12 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 $927K in total revenue.
Is Associations Of First Colony Inc a good charity?
As a Homeowners/Tenants Association (NTEE L50), its 'charitable' nature differs from traditional public charities. However, its consistent 0% officer compensation and generally balanced budget suggest efficient management for its community-focused mission.
How does the organization manage its finances given the occasional deficits?
While the organization generally operates with revenues closely matching expenses, it experienced a significant deficit in 2022 ($808,171 revenue vs. $914,635 expenses). This suggests that while it typically manages its budget tightly, there can be periods where expenses outpace income, potentially drawing from reserves or increasing liabilities, as seen in 2022 where liabilities increased to $127,108.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, peaking at $668,768 in 2013 and decreasing to $199,852 in 2023. Liabilities are generally low, often under $10,000, but spiked significantly in 2022 to $127,108, coinciding with a year of deficit spending. This indicates a generally conservative approach to debt, with occasional exceptions.
Filing History
IRS 990 filing history for Associations Of First Colony Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Associations Of First Colony Inc's revenue has declined by 6%, moving from $981K to $922K. Total assets decreased by 50.9% over the same period, from $407K to $200K. Total functional expenses fell by 4.3%, from $963K to $922K. In its most recent filing year (2023), Associations Of First Colony Inc reported a surplus of $456, with revenue exceeding expenses. The organization holds $5K in liabilities against $200K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $195K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $922K | $922K | $200K | $5K | — | — |
| 2022 | $808K | $915K | $321K | $127K | — | View 990 |
| 2021 | $740K | $794K | $214K | $57K | — | View 990 |
| 2019 | $852K | $832K | $221K | $1K | — | — |
| 2018 | $859K | $836K | $205K | $5K | — | View 990 |
| 2017 | $833K | $838K | $180K | $3K | — | View 990 |
| 2016 | $802K | $835K | $184K | $2K | — | View 990 |
| 2015 | $426K | $769K | $245K | $29K | — | View 990 |
| 2014 | $660K | $770K | $559K | $915 | — | View 990 |
| 2013 | $1.0M | $800K | $669K | $401 | — | View 990 |
| 2012 | $1.0M | $964K | $460K | $21K | — | View 990 |
| 2011 | $981K | $963K | $407K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $922K, expenses of $922K, and assets of $200K (revenue +14.1% year-over-year).
- 2022: Revenue of $808K, expenses of $915K, and assets of $321K (revenue +9.2% year-over-year).
- 2021: Revenue of $740K, expenses of $794K, and assets of $214K (revenue -13.2% year-over-year).
- 2019: Revenue of $852K, expenses of $832K, and assets of $221K (revenue -0.8% year-over-year).
- 2018: Revenue of $859K, expenses of $836K, and assets of $205K (revenue +3.1% year-over-year).
- 2017: Revenue of $833K, expenses of $838K, and assets of $180K (revenue +3.9% year-over-year).
- 2016: Revenue of $802K, expenses of $835K, and assets of $184K (revenue +88.1% year-over-year).
- 2015: Revenue of $426K, expenses of $769K, and assets of $245K (revenue -35.4% year-over-year).
- 2014: Revenue of $660K, expenses of $770K, and assets of $559K (revenue -35.9% year-over-year).
- 2013: Revenue of $1.0M, expenses of $800K, and assets of $669K (revenue +2.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $964K, and assets of $460K (revenue +2.0% year-over-year).
- 2011: Revenue of $981K, expenses of $963K, and assets of $407K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associations Of First Colony Inc:
Data Sources and Methodology
This transparency report for Associations Of First Colony 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.