Families First Inc
Families First Inc consistently operates at a deficit, with expenses exceeding revenue for six consecutive years.
EIN: 20744689 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $74K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $70,000 |
| Net Assets | $23K |
| Transparency Score | 45/100 |
Is Families First Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Families First Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Families First Inc
Families First Inc (EIN: 20744689) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Families First Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Families First Inc is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $74K |
| Surplus / Deficit | $-3,547 |
| Total Assets | $23K |
| Net Assets | $23K |
| Operating Margin | -5.1% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2016, Families First Inc reported a deficit of $4K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 6 years of filings (2011–2016), Families First Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +3.4% | -0.6% | -13.3% |
| 2015 | -24.9% | -30.6% | +21.8% |
| 2014 | +6.2% | +21.4% | -42.9% |
| 2013 | +32.7% | +26.2% | -7.0% |
| 2012 | +29.3% | +5.2% | -11.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Families First Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Families First Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, suggesting a volunteer-led organization or that compensation is below IRS reporting thresholds for an organization of this small size (average revenue around $70,000).
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 Families First Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in all six reported years (e.g., $73,749 expenses vs. $70,202 revenue in 2016).
- Declining asset base: Total assets have decreased from $46,693 in 2011 to $23,040 in 2016, indicating a potential draw-down on reserves.
- Lack of detailed expense breakdown: Without program, administrative, and fundraising expense percentages, it's difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Families First Inc:
- Consistent IRS 990 filing history: Six years of filings demonstrate a commitment to regulatory compliance.
- No reported officer compensation: Suggests a lean operational structure, potentially volunteer-driven, which can maximize funds for mission if managed effectively.
Frequently Asked Questions about Families First Inc
Is Families First Inc a legitimate charity?
Families First Inc (EIN: 20744689) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Families First Inc spend its money?
Families First Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Families First Inc tax-deductible?
Families First Inc is registered as a tax-exempt nonprofit (EIN: 20744689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Families First Inc CEO make?
Families First Inc's highest-compensated officer earns $70,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Families First Inc's spending goes to programs?
Families First Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Families First Inc located?
Families First Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 20744689.
How many years of IRS 990 filings does Families First Inc have?
Families First Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does Families First Inc cover its consistent operating deficits?
The provided data shows consistent deficits, with expenses exceeding revenue each year. For example, in 2016, expenses were $73,749 while revenue was $70,202. This suggests the organization may be drawing down on prior year assets, utilizing reserves, or receiving unreported in-kind contributions to cover the shortfall, as total assets have decreased over time.
What is the primary source of funding for Families First Inc?
The filings consistently report revenue, but without further detail, the specific primary source (e.g., grants, donations, program service fees) cannot be determined from the provided summary data.
What are the specific program activities of Families First Inc?
The provided IRS 990 data does not include details on the specific program activities. This information would typically be found in Part III of the full 990 form.
Filing History
IRS 990 filing history for Families First Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Families First Inc's revenue has grown by 41.5%, moving from $50K to $70K. Total assets decreased by 50.7% over the same period, from $47K to $23K. Total functional expenses rose by 11.3%, from $66K to $74K. In its most recent filing year (2016), Families First Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $70K | $74K | $23K | $0 | — | — |
| 2015 | $68K | $74K | $27K | $0 | — | View 990 |
| 2014 | $90K | $107K | $22K | $0 | — | View 990 |
| 2013 | $85K | $88K | $38K | $0 | — | View 990 |
| 2012 | $64K | $70K | $41K | $0 | — | View 990 |
| 2011 | $50K | $66K | $47K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $70K, expenses of $74K, and assets of $23K (revenue +3.4% year-over-year).
- 2015: Revenue of $68K, expenses of $74K, and assets of $27K (revenue -24.9% year-over-year).
- 2014: Revenue of $90K, expenses of $107K, and assets of $22K (revenue +6.2% year-over-year).
- 2013: Revenue of $85K, expenses of $88K, and assets of $38K (revenue +32.7% year-over-year).
- 2012: Revenue of $64K, expenses of $70K, and assets of $41K (revenue +29.3% year-over-year).
- 2011: Revenue of $50K, expenses of $66K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Families First Inc:
Data Sources and Methodology
This transparency report for Families First 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.