Financial Beginnings
Financial Beginnings shows strong revenue growth and positive net assets in its latest fiscal period.
EIN: 203530960 · Portland, OR · NTEE: P51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $744K |
| Transparency Score | 85/100 |
Is Financial Beginnings Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Financial Beginnings directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Financial Beginnings
Financial Beginnings (EIN: 203530960) is a nonprofit organization based in Portland, OR, classified under NTEE code P51. The organization reported total revenue of $1.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Beginnings's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Beginnings is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 23.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$748K |
| Total Assets | $892K |
| Total Liabilities | $148K |
| Net Assets | $744K |
| Operating Margin | 40.3% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Financial Beginnings reported a surplus of $748K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Financial Beginnings's revenue has grown at a compound annual growth rate (CAGR) of 23.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.9% | +15.6% | +1228.2% |
| 2022 | +7.2% | +4.0% | -77.6% |
| 2021 | -36.2% | +19.9% | -49.1% |
| 2020 | +113.4% | +31.8% | +239.0% |
| 2019 | -2.9% | +4.2% | -27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Financial Beginnings 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Financial Beginnings 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 $748K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that top leadership is either volunteer-based or compensated through means not categorized as officer compensation, which is a positive sign for minimizing executive overhead.
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 Financial Beginnings's IRS 990 filings:
- Periods of expenses exceeding revenue (e.g., 2021, 2022) indicate past operational deficits.
Strengths
The following positive indicators were identified for Financial Beginnings:
- Strong revenue growth in the latest fiscal period (2023 revenue of $1,855,588).
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Significant increase in assets in 2023, improving financial stability.
- Positive net income in the most recent filing period ($1,855,588 revenue vs. $1,107,901 expenses).
Frequently Asked Questions about Financial Beginnings
Is Financial Beginnings a legitimate charity?
Financial Beginnings (EIN: 203530960) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Financial Beginnings spend its money?
Financial Beginnings directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Financial Beginnings tax-deductible?
Financial Beginnings is registered as a tax-exempt nonprofit (EIN: 203530960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Financial Beginnings's spending goes to programs?
Financial Beginnings directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Financial Beginnings compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Financial Beginnings is above average for NTEE category P51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Financial Beginnings located?
Financial Beginnings is headquartered in Portland, Oregon and files with the IRS under EIN 203530960. It is classified under NTEE code P51.
How many years of IRS 990 filings does Financial Beginnings have?
Financial Beginnings 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 $1.2M in total revenue.
Is Financial Beginnings a good charity?
Based on the provided data, Financial Beginnings appears to be a good charity. It has demonstrated strong revenue growth, particularly in 2023, and consistently reports 0% officer compensation, suggesting efficient use of funds and a focus on its mission.
How has Financial Beginnings' financial health changed over time?
Financial Beginnings has shown significant financial growth and improved stability. While there were periods (e.g., 2021, 2022) where expenses exceeded revenue, the organization rebounded strongly in 2023 with revenue of $1,855,588 against expenses of $1,107,901, and assets growing to $892,367.
What is the trend in the organization's assets?
The organization's assets have shown a positive upward trend, especially in recent years. After a dip to $67,187 in 2022, assets surged to $892,367 in 2023, indicating improved financial reserves and capacity.
Filing History
IRS 990 filing history for Financial Beginnings showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Financial Beginnings's revenue has grown by 883.2%, moving from $189K to $1.9M. Total assets increased by 1219.7% over the same period, from $68K to $892K. Total functional expenses rose by 602%, from $158K to $1.1M. In its most recent filing year (2023), Financial Beginnings reported a surplus of $748K, with revenue exceeding expenses. The organization holds $148K in liabilities against $892K in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $744K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.1M | $892K | $148K | — | View 990 |
| 2022 | $740K | $958K | $67K | $71K | — | View 990 |
| 2021 | $690K | $921K | $300K | $85K | — | — |
| 2020 | $1.1M | $768K | $590K | $144K | — | View 990 |
| 2019 | $507K | $583K | $174K | $41K | — | View 990 |
| 2018 | $522K | $559K | $240K | $31K | — | View 990 |
| 2017 | $953K | $740K | $560K | $70K | — | View 990 |
| 2016 | $653K | $590K | $293K | $16K | — | View 990 |
| 2015 | $572K | $481K | $238K | $23K | — | View 990 |
| 2014 | $342K | $309K | $142K | $19K | — | View 990 |
| 2013 | $256K | $227K | $98K | $8K | — | View 990 |
| 2012 | $189K | $158K | $68K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.1M, and assets of $892K (revenue +150.9% year-over-year).
- 2022: Revenue of $740K, expenses of $958K, and assets of $67K (revenue +7.2% year-over-year).
- 2021: Revenue of $690K, expenses of $921K, and assets of $300K (revenue -36.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $768K, and assets of $590K (revenue +113.4% year-over-year).
- 2019: Revenue of $507K, expenses of $583K, and assets of $174K (revenue -2.9% year-over-year).
- 2018: Revenue of $522K, expenses of $559K, and assets of $240K (revenue -45.2% year-over-year).
- 2017: Revenue of $953K, expenses of $740K, and assets of $560K (revenue +45.8% year-over-year).
- 2016: Revenue of $653K, expenses of $590K, and assets of $293K (revenue +14.2% year-over-year).
- 2015: Revenue of $572K, expenses of $481K, and assets of $238K (revenue +67.3% year-over-year).
- 2014: Revenue of $342K, expenses of $309K, and assets of $142K (revenue +33.6% year-over-year).
- 2013: Revenue of $256K, expenses of $227K, and assets of $98K (revenue +35.6% year-over-year).
- 2012: Revenue of $189K, expenses of $158K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Beginnings:
Data Sources and Methodology
This transparency report for Financial Beginnings 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.