First Citizens Charitable Foundation Inc
EIN: 421451615 · Mason City, IA · NTEE: T20Z
About First Citizens Charitable Foundation Inc
First Citizens Charitable Foundation Inc (EIN: 421451615) is a nonprofit organization based in Mason City, IA, classified under NTEE code T20Z. The organization reported total revenue of $1.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Citizens Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for First Citizens Charitable Foundation 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 Citizens Charitable Foundation 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.
Filing History
IRS 990 filing history for First Citizens Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), First Citizens Charitable Foundation Inc's revenue has grown by 16.4%, moving from $415K to $483K. Total assets increased by 60.9% over the same period, from $926K to $1.5M. Total functional expenses rose by 20.5%, from $324K to $391K. In its most recent filing year (2023), First Citizens Charitable Foundation Inc reported a surplus of $92K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $483K | $391K | $1.5M | $1 | — | View 990 |
| 2022 | $332K | $408K | $1.2M | $1 | — | View 990 |
| 2021 | $337K | $457K | $1.3M | $1 | — | View 990 |
| 2020 | $342K | $392K | $1.3M | $1 | — | — |
| 2019 | $415K | $460K | $1.4M | $1 | — | View 990 |
| 2015 | $402K | $414K | $1.2M | $1 | — | View 990 |
| 2014 | $410K | $346K | $1.1M | $0 | — | View 990 |
| 2013 | $385K | $414K | $1.0M | $0 | — | View 990 |
| 2012 | $429K | $338K | $1.1M | $0 | — | View 990 |
| 2011 | $415K | $324K | $926K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $483K, expenses of $391K, and assets of $1.5M (revenue +45.3% year-over-year).
- 2022: Revenue of $332K, expenses of $408K, and assets of $1.2M (revenue -1.4% year-over-year).
- 2021: Revenue of $337K, expenses of $457K, and assets of $1.3M (revenue -1.4% year-over-year).
- 2020: Revenue of $342K, expenses of $392K, and assets of $1.3M (revenue -17.8% year-over-year).
- 2019: Revenue of $415K, expenses of $460K, and assets of $1.4M (revenue +3.2% year-over-year).
- 2015: Revenue of $402K, expenses of $414K, and assets of $1.2M (revenue -1.8% year-over-year).
- 2014: Revenue of $410K, expenses of $346K, and assets of $1.1M (revenue +6.6% year-over-year).
- 2013: Revenue of $385K, expenses of $414K, and assets of $1.0M (revenue -10.3% year-over-year).
- 2012: Revenue of $429K, expenses of $338K, and assets of $1.1M (revenue +3.4% year-over-year).
- 2011: Revenue of $415K, expenses of $324K, and assets of $926K.
Data Sources and Methodology
This transparency report for First Citizens Charitable Foundation 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.