Fgs Inc

Fgs Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.

EIN: 161256975 · Binghamton, NY · Updated: 2026-03-28

$3.4MRevenue

$441KAssets

80/100Mission Score (Excellent)

About Fgs Inc

Fgs Inc (EIN: 161256975) is a nonprofit organization based in Binghamton, NY. The organization reported total revenue of $3.4M and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fgs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Fgs Inc demonstrates consistent financial activity with revenues generally exceeding expenses over the past decade, indicating a stable operational model. For example, in 2023, revenue was $3,515,153 against expenses of $3,451,062. The organization's assets have shown significant growth, particularly from $174,936 in 2015 to $1,509,770 in 2023, suggesting effective asset management or accumulation. Liabilities have also increased but generally remain at a manageable level relative to assets, with a liability-to-asset ratio of approximately 28% in 2023 ($427,838 liabilities vs. $1,509,770 assets).

The organization's spending efficiency appears sound, as expenses are closely aligned with revenues, preventing significant deficits. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial structure, suggesting either a volunteer-led executive team or compensation being reported under other categories, which would warrant further investigation for full transparency. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency in these areas is challenging.

Transparency regarding executive compensation is high, given the reported 0%. However, the lack of NTEE code and detailed expense breakdowns in the provided data limits a comprehensive assessment of program efficiency and overall financial transparency beyond the top-line figures. Further details on how funds are allocated to specific programs versus overhead would enhance understanding of their operational effectiveness.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fgs Inc with a Mission Score of 80 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Fgs Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of its size with revenues exceeding $3 million annually, suggesting either a fully volunteer executive team or compensation being categorized differently.

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 Fgs Inc's IRS 990 filings:

Unknown NTEE code limits mission understanding
Lack of detailed expense breakdown beyond total expenses
Unusually low liabilities relative to assets in some periods, potentially indicating significant reserves or specific funding structures.

Strengths

The following positive indicators were identified for Fgs Inc:

Consistent revenue growth over the past decade (e.g., $1.9M in 2015 to $3.5M in 2023)
Strong asset growth, indicating financial stability and capacity (e.g., $174,936 in 2015 to $1,509,770 in 2023)
Expenses generally kept below or very close to revenue, preventing significant deficits (e.g., 2023 revenue $3,515,153 vs. expenses $3,451,062)
No reported officer compensation, suggesting efficient use of funds or volunteer leadership.

Frequently Asked Questions about Fgs Inc

How does Fgs Inc manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings (e.g., 2023, 2022, 2021) suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which would require further investigation of their detailed IRS Form 990 filings to understand fully.

What is the NTEE code for Fgs Inc, and how does it impact their mission assessment?

The NTEE code for Fgs Inc is currently unknown. Knowing the NTEE code would provide insight into the organization's primary mission area, allowing for a more accurate assessment of its program effectiveness and alignment with industry benchmarks for similar nonprofits.

What are the specific program activities Fgs Inc engages in?

Without a detailed breakdown of expenses or an NTEE code, the specific program activities of Fgs Inc cannot be determined from the provided data. Further review of their full IRS Form 990 would be necessary to identify their programmatic focus.

How does Fgs Inc's asset growth compare to its revenue growth?

Fgs Inc has shown significant asset growth, from $174,936 in 2015 to $1,509,770 in 2023, which outpaces its revenue growth over the same period (from $1,915,265 to $3,515,153). This indicates effective asset management or accumulation of reserves.

Filing History

IRS 990 filing history for Fgs Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fgs Inc's revenue has grown by 77.6%, moving from $2.0M to $3.5M. Total assets increased by 20189.9% over the same period, from $7K to $1.5M. Total functional expenses rose by 67%, from $2.1M to $3.5M. In its most recent filing year (2023), Fgs Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $428K in liabilities against $1.5M in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.5M	$3.5M	$1.5M	$428K	—	—
2022	$3.4M	$3.1M	$1.4M	$408K	—	—
2021	$2.7M	$2.8M	$1.0M	$269K	—	View 990
2020	$3.3M	$3.0M	$1.6M	$857K	—	—
2019	$2.7M	$2.6M	$960K	$532K	—	View 990
2018	$2.3M	$2.1M	$683K	$418K	—	View 990
2017	$2.2M	$2.0M	$528K	$421K	—	View 990
2016	$2.1M	$2.1M	$310K	$394K	—	View 990
2015	$1.9M	$1.9M	$175K	$287K	—	View 990
2014	$1.7M	$1.7M	$191K	$336K	—	View 990
2013	$1.5M	$1.6M	$213K	$321K	—	View 990
2012	$2.2M	$2.0M	$227K	$310K	—	View 990
2011	$2.0M	$2.1M	$7K	$292K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.5M, expenses of $3.5M, and assets of $1.5M (revenue +4.8% year-over-year).
2022: Revenue of $3.4M, expenses of $3.1M, and assets of $1.4M (revenue +22.7% year-over-year).
2021: Revenue of $2.7M, expenses of $2.8M, and assets of $1.0M (revenue -16.6% year-over-year).
2020: Revenue of $3.3M, expenses of $3.0M, and assets of $1.6M (revenue +23.6% year-over-year).
2019: Revenue of $2.7M, expenses of $2.6M, and assets of $960K (revenue +15.2% year-over-year).
2018: Revenue of $2.3M, expenses of $2.1M, and assets of $683K (revenue +3.8% year-over-year).
2017: Revenue of $2.2M, expenses of $2.0M, and assets of $528K (revenue +5.8% year-over-year).
2016: Revenue of $2.1M, expenses of $2.1M, and assets of $310K (revenue +9.3% year-over-year).
2015: Revenue of $1.9M, expenses of $1.9M, and assets of $175K (revenue +12.7% year-over-year).
2014: Revenue of $1.7M, expenses of $1.7M, and assets of $191K (revenue +10.3% year-over-year).
2013: Revenue of $1.5M, expenses of $1.6M, and assets of $213K (revenue -30.6% year-over-year).
2012: Revenue of $2.2M, expenses of $2.0M, and assets of $227K (revenue +12.2% year-over-year).
2011: Revenue of $2.0M, expenses of $2.1M, and assets of $7K.

Data Sources and Methodology

This transparency report for Fgs 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.