First Choice Womens Resource Centers
First Choice Women's Resource Centers: Stable Finances, High Program Spending
EIN: 222560940 · Morristown, NJ · NTEE: E400 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $49,644 |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is First Choice Womens Resource Centers Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Choice Womens Resource Centers directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Choice Womens Resource Centers
First Choice Womens Resource Centers (EIN: 222560940) is a nonprofit organization based in Morristown, NJ, classified under NTEE code E400. The organization reported total revenue of $1.9M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Choice Womens Resource Centers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Choice Womens Resource Centers is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$739 |
| Total Assets | $1.9M |
| Total Liabilities | $50K |
| Net Assets | $1.8M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, First Choice Womens Resource Centers reported a surplus of $739 with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Choice Womens Resource Centers's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +1.0% | -5.1% |
| 2022 | -4.6% | +30.8% | -1.2% |
| 2021 | +14.7% | +6.2% | +33.5% |
| 2020 | +5.1% | -4.8% | +26.1% |
| 2019 | +11.3% | -2.1% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 First Choice Womens Resource Centers 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, First Choice Womens Resource Centers 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 $739, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation cannot be fully assessed without specific salary disclosures for key personnel; the provided data only shows total salaries and wages, which were $49,644 in 2023.
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.
Strengths
The following positive indicators were identified for First Choice Womens Resource Centers:
- Consistent revenue generation over several years, with 2023 revenue at $1,617,701.
- Strong program spending, with a high percentage of expenses likely directed towards services.
- Healthy asset base, with $1,873,257 in assets reported for 2023.
- Low administrative and fundraising costs based on general expense categories.
Frequently Asked Questions about First Choice Womens Resource Centers
Is First Choice Womens Resource Centers a legitimate charity?
Based on AI analysis of IRS 990 filings, First Choice Womens Resource Centers (EIN: 222560940) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does First Choice Womens Resource Centers spend its money?
First Choice Womens Resource Centers directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Choice Womens Resource Centers tax-deductible?
First Choice Womens Resource Centers is registered as a tax-exempt nonprofit (EIN: 222560940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the First Choice Womens Resource Centers CEO make?
First Choice Womens Resource Centers's highest-compensated officer earns $49,644 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of First Choice Womens Resource Centers's spending goes to programs?
First Choice Womens Resource Centers directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Choice Womens Resource Centers compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), First Choice Womens Resource Centers is above average for NTEE category E400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Choice Womens Resource Centers located?
First Choice Womens Resource Centers is headquartered in Morristown, New Jersey and files with the IRS under EIN 222560940. It is classified under NTEE code E400.
How many years of IRS 990 filings does First Choice Womens Resource Centers have?
First Choice Womens Resource Centers has 13 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 $1.9M in total revenue.
What does First Choice Womens Resource Centers do?
First Choice Womens Resource Centers is a nonprofit organization in the Health Care sector, located in Morristown, New Jersey. It is classified under NTEE code E400.
How much revenue does First Choice Womens Resource Centers have?
First Choice Womens Resource Centers reported total revenue of $1,945,824. Based on 13 IRS 990 filings on record.
What are First Choice Womens Resource Centers's total assets?
First Choice Womens Resource Centers holds total assets of $1,850,646 as reported in IRS 990 filings.
Where is First Choice Womens Resource Centers located?
First Choice Womens Resource Centers is based in Morristown, New Jersey.
What is First Choice Womens Resource Centers's EIN?
First Choice Womens Resource Centers's Employer Identification Number (EIN) is 222560940. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is First Choice Womens Resource Centers?
First Choice Womens Resource Centers is classified under NTEE code E400 (Health Care).
Is First Choice Womens Resource Centers a registered 501(c)(3)?
Yes, First Choice Womens Resource Centers is recognized as a tax-exempt organization by the IRS. EIN: 222560940.
Does First Choice Womens Resource Centers file IRS Form 990?
Yes, First Choice Womens Resource Centers has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was First Choice Womens Resource Centers's revenue in 2023?
In the 202312 filing period, First Choice Womens Resource Centers reported total revenue of $1,617,701, total expenses of $1,616,962, and net assets of $1,873,257.
Is First Choice Womens Resource Centers's revenue growing or declining?
First Choice Womens Resource Centers's revenue is growing. Revenue went from $1,515,626 (202212) to $1,617,701 (202312), a +6.7% change. Based on 13 filings on record.
What is First Choice Womens Resource Centers's most recent 990 filing?
The most recent IRS Form 990 filing for First Choice Womens Resource Centers covers tax period 202312. It shows revenue of $1,617,701, expenses of $1,616,962, total assets of $1,873,257, and liabilities of $49,644.
How much does First Choice Womens Resource Centers spend on programs vs administration?
Based on IRS 990 analysis, First Choice Womens Resource Centers allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is First Choice Womens Resource Centers a trustworthy charity?
Based on AI analysis of IRS 990 data, First Choice Womens Resource Centers appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are First Choice Womens Resource Centers's strengths?
Positive indicators for First Choice Womens Resource Centers include: Consistent revenue generation over several years, with 2023 revenue at $1,617,701.. Strong program spending, with a high percentage of expenses likely directed towards services.. Healthy asset base, with $1,873,257 in assets reported for 2023.. Low administrative and fundraising costs based on general expense categories.. These findings are derived from AI analysis of the organization's financial filings.
How does First Choice Womens Resource Centers compensate executives?
Executive compensation cannot be fully assessed without specific salary disclosures for key personnel; the provided data only shows total salaries and wages, which were $49,644 in 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain a stable revenue stream despite economic fluctuations?
The consistent revenue figures, hovering around $1.3M-$1.6M annually, suggest a robust donor base or effective fundraising strategies that have insulated them from significant economic downturns, as seen in the steady growth from $1,100,114 in 2017 to $1,617,701 in 2023.
What is the trend in the organization's net assets over the past few years?
The organization's net assets have shown a positive trend, increasing from $1,136,837 in 2017 to $1,873,257 in 2023, indicating financial growth and stability over time.
Filing History
IRS 990 filing history for First Choice Womens Resource Centers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Choice Womens Resource Centers's revenue has grown by 109.9%, moving from $771K to $1.6M. Total assets increased by 136% over the same period, from $794K to $1.9M. Total functional expenses rose by 169.5%, from $600K to $1.6M. In its most recent filing year (2023), First Choice Womens Resource Centers reported a surplus of $739, with revenue exceeding expenses. The organization holds $50K in liabilities against $1.9M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.9M | $50K | — | — |
| 2022 | $1.5M | $1.6M | $2.0M | $79K | — | View 990 |
| 2021 | $1.6M | $1.2M | $2.0M | $45K | — | View 990 |
| 2020 | $1.4M | $1.2M | $1.5M | $41K | — | — |
| 2019 | $1.3M | $1.2M | $1.2M | $39K | — | View 990 |
| 2018 | $1.2M | $1.2M | $1.1M | $35K | — | View 990 |
| 2017 | $1.1M | $1.2M | $1.1M | $46K | — | View 990 |
| 2016 | $1.3M | $1.2M | $1.3M | $45K | — | View 990 |
| 2015 | $1.1M | $1.2M | $1.2M | $29K | — | View 990 |
| 2014 | $1.3M | $1.1M | $1.3M | $40K | — | View 990 |
| 2013 | $1.0M | $900K | $1.1M | $38K | — | View 990 |
| 2012 | $976K | $774K | $1.0M | $60K | — | View 990 |
| 2011 | $771K | $600K | $794K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.9M (revenue +6.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $2.0M (revenue -4.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $2.0M (revenue +14.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $1.5M (revenue +5.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue +11.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +7.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $1.1M (revenue -13.9% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $1.3M (revenue +16.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue -17.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.1M, and assets of $1.3M (revenue +33.5% year-over-year).
- 2013: Revenue of $1.0M, expenses of $900K, and assets of $1.1M (revenue +2.7% year-over-year).
- 2012: Revenue of $976K, expenses of $774K, and assets of $1.0M (revenue +26.7% year-over-year).
- 2011: Revenue of $771K, expenses of $600K, and assets of $794K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Choice Womens Resource Centers:
Data Sources and Methodology
This transparency report for First Choice Womens Resource Centers 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.