Fgs Inc

Search Intent Cockpit

Fgs Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Fgs Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Fgs Inc in one place.

Is Fgs Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Fgs Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Next Best Actions

Keep the Investigation Moving

Fgs Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Fgs Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Fgs Inc reported a surplus of $64K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 28.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Fgs Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $64K, with revenue exceeding expenses.
• Debt-to-asset ratio: 28.3%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Fgs Inc:

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.