First Community Bankshares Inc Welfare Benefits Trust
EIN: 541957458 · Bluefield, VA · NTEE: Y43
Is First Community Bankshares Inc Welfare Benefits Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Community Bankshares Inc Welfare Benefits Trust
First Community Bankshares Inc Welfare Benefits Trust (EIN: 541957458) is a nonprofit organization based in Bluefield, VA, classified under NTEE code Y43. The organization reported total revenue of $5.8M and total assets of $365K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Community Bankshares Inc Welfare Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Community Bankshares Inc Welfare Benefits Trust is a mid-size nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-142,169 |
| Total Assets | $482K |
| Net Assets | $482K |
| Operating Margin | -2.5% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2022, First Community Bankshares Inc Welfare Benefits Trust reported a deficit of $142K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), First Community Bankshares Inc Welfare Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -2.1% | +5.3% | +57.3% |
| 2021 | -11.6% | -17.6% | +1330.3% |
| 2020 | +17.4% | +21.4% | -86.5% |
| 2019 | -1.6% | -10.4% | +86.0% |
| 2018 | +18.6% | +31.4% | -85.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Community Bankshares Inc Welfare Benefits Trust 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 Community Bankshares Inc Welfare Benefits Trust 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $142K, with expenses exceeding revenue.
Frequently Asked Questions about First Community Bankshares Inc Welfare Benefits Trust
Is First Community Bankshares Inc Welfare Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, First Community Bankshares Inc Welfare Benefits Trust (EIN: 541957458) insufficient data. 0 red flags identified, 0 strengths noted.
How does First Community Bankshares Inc Welfare Benefits Trust spend its money?
Detailed spending breakdown data is not yet available for First Community Bankshares Inc Welfare Benefits Trust. Check back for updated IRS 990 analysis.
Are donations to First Community Bankshares Inc Welfare Benefits Trust tax-deductible?
First Community Bankshares Inc Welfare Benefits Trust is registered as a tax-exempt nonprofit (EIN: 541957458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for First Community Bankshares Inc Welfare Benefits Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), First Community Bankshares Inc Welfare Benefits Trust's revenue has grown by 13.2%, moving from $5.1M to $5.8M. Total assets increased by 59.9% over the same period, from $302K to $482K. Total functional expenses rose by 9.4%, from $5.4M to $5.9M. In its most recent filing year (2022), First Community Bankshares Inc Welfare Benefits Trust reported a deficit of $142K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.8M | $5.9M | $482K | $0 | — | View 990 |
| 2021 | $5.9M | $5.6M | $307K | $0 | — | View 990 |
| 2020 | $6.7M | $6.8M | $21K | $0 | — | — |
| 2019 | $5.7M | $5.6M | $159K | $0 | — | View 990 |
| 2018 | $5.8M | $6.3M | $86K | $0 | — | View 990 |
| 2017 | $4.9M | $4.8M | $570K | $0 | — | View 990 |
| 2016 | $5.1M | $5.0M | $463K | $0 | — | View 990 |
| 2015 | $5.0M | $5.5M | $331K | $0 | — | View 990 |
| 2014 | $4.5M | $4.5M | $804K | $0 | — | View 990 |
| 2013 | $6.4M | $6.4M | $858K | $70K | — | — |
| 2012 | $4.2M | $3.7M | $801K | $0 | — | — |
| 2011 | $5.1M | $5.4M | $302K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.8M, expenses of $5.9M, and assets of $482K (revenue -2.1% year-over-year).
- 2021: Revenue of $5.9M, expenses of $5.6M, and assets of $307K (revenue -11.6% year-over-year).
- 2020: Revenue of $6.7M, expenses of $6.8M, and assets of $21K (revenue +17.4% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.6M, and assets of $159K (revenue -1.6% year-over-year).
- 2018: Revenue of $5.8M, expenses of $6.3M, and assets of $86K (revenue +18.6% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.8M, and assets of $570K (revenue -4.7% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.0M, and assets of $463K (revenue +2.9% year-over-year).
- 2015: Revenue of $5.0M, expenses of $5.5M, and assets of $331K (revenue +10.9% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.5M, and assets of $804K (revenue -29.4% year-over-year).
- 2013: Revenue of $6.4M, expenses of $6.4M, and assets of $858K (revenue +49.7% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.7M, and assets of $801K (revenue -16.9% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.4M, and assets of $302K.
Data Sources and Methodology
This transparency report for First Community Bankshares Inc Welfare Benefits Trust 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.