First Care Family Resources Inc
EIN: 592248369 · West Palm Bch, FL · NTEE: P45
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.5M |
| Net Assets | $5.8M |
Is First Care Family Resources Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Care Family Resources Inc
First Care Family Resources Inc (EIN: 592248369) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code P45. The organization reported total revenue of $3.5M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Care Family Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Care Family Resources Inc is a mid-size nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $6.1M |
| Total Liabilities | $293K |
| Net Assets | $5.8M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, First Care Family Resources Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), First Care Family Resources Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +9.6% | +15.8% |
| 2022 | +16.9% | +7.2% | +58.5% |
| 2021 | +82.0% | +12.7% | +77.2% |
| 2020 | +4.2% | -7.5% | +18.9% |
| 2019 | -27.0% | +16.7% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Care Family Resources Inc 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 Care Family Resources Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Frequently Asked Questions about First Care Family Resources Inc
Is First Care Family Resources Inc a legitimate charity?
First Care Family Resources Inc (EIN: 592248369) is a registered tax-exempt nonprofit based in Florida. It has 14 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. Financial health grade: A.
How does First Care Family Resources Inc spend its money?
First Care Family Resources Inc reported $3.5M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to First Care Family Resources Inc tax-deductible?
First Care Family Resources Inc is registered as a tax-exempt nonprofit (EIN: 592248369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Care Family Resources Inc located?
First Care Family Resources Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 592248369. It is classified under NTEE code P45.
How many years of IRS 990 filings does First Care Family Resources Inc have?
First Care Family Resources Inc has 14 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 $3.5M in total revenue.
Filing History
IRS 990 filing history for First Care Family Resources Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), First Care Family Resources Inc's revenue has grown by 193.1%, moving from $1.2M to $3.5M. Total assets increased by 2707% over the same period, from $218K to $6.1M. Total functional expenses rose by 90.4%, from $1.3M to $2.5M. In its most recent filing year (2023), First Care Family Resources Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $293K in liabilities against $6.1M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.5M | $6.1M | $293K | — | — |
| 2022 | $4.1M | $2.3M | $5.3M | $468K | — | View 990 |
| 2021 | $3.5M | $2.1M | $3.3M | $383K | — | View 990 |
| 2020 | $1.9M | $1.9M | $1.9M | $349K | — | — |
| 2019 | $1.9M | $2.0M | $1.6M | $115K | — | View 990 |
| 2018 | $2.6M | $1.7M | $1.7M | $87K | — | View 990 |
| 2017 | $1.5M | $1.4M | $874K | $60K | — | — |
| 2016 | $678K | $376K | $747K | $46K | — | View 990 |
| 2016 | $1.4M | $1.3M | $464K | $66K | — | View 990 |
| 2015 | $1.3M | $1.2M | $320K | $44K | — | View 990 |
| 2014 | $1.2M | $1.1M | $263K | $49K | — | View 990 |
| 2013 | $1.1M | $1.2M | $205K | $40K | — | View 990 |
| 2012 | $1.2M | $1.1M | $260K | $51K | — | View 990 |
| 2011 | $1.2M | $1.3M | $218K | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.5M, and assets of $6.1M (revenue -15.4% year-over-year).
- 2022: Revenue of $4.1M, expenses of $2.3M, and assets of $5.3M (revenue +16.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.1M, and assets of $3.3M (revenue +82.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $1.9M (revenue +4.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $1.6M (revenue -27.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $1.7M, and assets of $1.7M (revenue +68.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $874K (revenue +124.0% year-over-year).
- 2016: Revenue of $678K, expenses of $376K, and assets of $747K (revenue -53.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $464K (revenue +10.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $320K (revenue +11.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $263K (revenue +2.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $205K (revenue -7.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $260K (revenue +4.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $218K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Care Family Resources Inc:
Data Sources and Methodology
This transparency report for First Care Family Resources 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.