First Bancorp Inc Foundation
EIN: 874174417 · Abingdon, VA · NTEE: B82
About First Bancorp Inc Foundation
First Bancorp Inc Foundation (EIN: 874174417) is a nonprofit organization based in Abingdon, VA, classified under NTEE code B82. The organization reported total revenue of $557K and total assets of $923K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Bancorp Inc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for First Bancorp Inc Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Bancorp Inc Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for First Bancorp Inc Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), First Bancorp Inc Foundation's revenue has declined by 87.9%, moving from $548K to $66K. Total assets increased by 9.5% over the same period, from $535K to $586K. Total functional expenses rose by 28%, from $12K to $16K. In its most recent filing year (2023), First Bancorp Inc Foundation reported a surplus of $51K, with revenue exceeding expenses. The organization holds $118 in liabilities against $586K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $586K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $16K | $586K | $118 | — | — |
| 2022 | $548K | $12K | $535K | $1 | — | View 990 |
Data Sources and Methodology
This transparency report for First Bancorp Inc Foundation 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.