First City Homeless Services
EIN: 262565838 · Ketchikan, AK · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $637K |
| Net Assets | $97K |
Is First City Homeless Services Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First City Homeless Services
First City Homeless Services (EIN: 262565838) is a nonprofit organization based in Ketchikan, AK, classified under NTEE code P85. The organization reported total revenue of $417K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First City Homeless Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First City Homeless Services is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $415K |
| Total Expenses | $637K |
| Surplus / Deficit | $-221,665 |
| Total Assets | $108K |
| Total Liabilities | $11K |
| Net Assets | $97K |
| Operating Margin | -53.4% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, First City Homeless Services reported a deficit of $222K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), First City Homeless Services's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.4% | +32.7% | -77.6% |
| 2022 | +148.2% | +62.3% | +23.0% |
| 2021 | -32.9% | +40.9% | -15.1% |
| 2020 | +136.1% | +14.8% | +40.1% |
| 2019 | -58.1% | +4.3% | -10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First City Homeless Services 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 City Homeless Services 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 deficit of $222K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.1%.
Frequently Asked Questions about First City Homeless Services
Is First City Homeless Services a legitimate charity?
First City Homeless Services (EIN: 262565838) is a registered tax-exempt nonprofit based in Alaska. It has 14 years of IRS 990 filings on record. Total revenue: $417K. No red flags identified. Financial health grade: C.
How does First City Homeless Services spend its money?
First City Homeless Services reported $417K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to First City Homeless Services tax-deductible?
First City Homeless Services is registered as a tax-exempt nonprofit (EIN: 262565838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First City Homeless Services located?
First City Homeless Services is headquartered in Ketchikan, Alaska and files with the IRS under EIN 262565838. It is classified under NTEE code P85.
How many years of IRS 990 filings does First City Homeless Services have?
First City Homeless Services 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 $417K in total revenue.
Filing History
IRS 990 filing history for First City Homeless Services showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), First City Homeless Services's revenue has grown by 640.6%, moving from $56K to $415K. Total assets increased by 233.2% over the same period, from $32K to $108K. Total functional expenses rose by 1032.3%, from $56K to $637K. In its most recent filing year (2023), First City Homeless Services reported a deficit of $222K, with expenses exceeding revenue. The organization holds $11K in liabilities against $108K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $415K | $637K | $108K | $11K | — | — |
| 2022 | $564K | $480K | $481K | $10K | — | View 990 |
| 2021 | $227K | $296K | $391K | $5K | — | View 990 |
| 2020 | $339K | $210K | $460K | $6K | — | View 990 |
| 2019 | $143K | $183K | $329K | $3K | — | View 990 |
| 2018 | $343K | $175K | $367K | $3K | — | View 990 |
| 2017 | $159K | $119K | $197K | $0 | — | View 990 |
| 2016 | $101K | $74K | $157K | $0 | — | View 990 |
| 2015 | $91K | $67K | $130K | $0 | — | View 990 |
| 2014 | $103K | $70K | $107K | $0 | — | View 990 |
| 2013 | $77K | $56K | $74K | $0 | — | View 990 |
| 2012 | $65K | $46K | $53K | $0 | — | View 990 |
| 2011 | $66K | $64K | $34K | $0 | — | — |
| 2010 | $56K | $56K | $32K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $415K, expenses of $637K, and assets of $108K (revenue -26.4% year-over-year).
- 2022: Revenue of $564K, expenses of $480K, and assets of $481K (revenue +148.2% year-over-year).
- 2021: Revenue of $227K, expenses of $296K, and assets of $391K (revenue -32.9% year-over-year).
- 2020: Revenue of $339K, expenses of $210K, and assets of $460K (revenue +136.1% year-over-year).
- 2019: Revenue of $143K, expenses of $183K, and assets of $329K (revenue -58.1% year-over-year).
- 2018: Revenue of $343K, expenses of $175K, and assets of $367K (revenue +115.2% year-over-year).
- 2017: Revenue of $159K, expenses of $119K, and assets of $197K (revenue +58.1% year-over-year).
- 2016: Revenue of $101K, expenses of $74K, and assets of $157K (revenue +11.2% year-over-year).
- 2015: Revenue of $91K, expenses of $67K, and assets of $130K (revenue -12.0% year-over-year).
- 2014: Revenue of $103K, expenses of $70K, and assets of $107K (revenue +33.9% year-over-year).
- 2013: Revenue of $77K, expenses of $56K, and assets of $74K (revenue +18.3% year-over-year).
- 2012: Revenue of $65K, expenses of $46K, and assets of $53K (revenue -1.3% year-over-year).
- 2011: Revenue of $66K, expenses of $64K, and assets of $34K (revenue +17.3% year-over-year).
- 2010: Revenue of $56K, expenses of $56K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First City Homeless Services:
Data Sources and Methodology
This transparency report for First City Homeless Services 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.