First Community Foundation Inc
EIN: 316027662 · Columbus, OH · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $627K |
| Net Assets | $11.4M |
Is First Community Foundation 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 Community Foundation Inc
First Community Foundation Inc (EIN: 316027662) is a nonprofit organization based in Columbus, OH, classified under NTEE code T30. The organization reported total revenue of $2.7M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Community Foundation Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $627K |
| Surplus / Deficit | +$1.6M |
| Total Assets | $11.7M |
| Total Liabilities | $302K |
| Net Assets | $11.4M |
| Operating Margin | 71.9% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 223.4 months |
Financial Health Grade: A
In 2023, First Community Foundation Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 223.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.4% | -47.2% | +22.3% |
| 2022 | -12.7% | +53.7% | -9.5% |
| 2021 | +52.2% | +9.9% | +14.0% |
| 2020 | -17.1% | -56.2% | +14.3% |
| 2019 | -4.4% | +50.1% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Community 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 Community 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about First Community Foundation Inc
Is First Community Foundation Inc a legitimate charity?
First Community Foundation Inc (EIN: 316027662) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does First Community Foundation Inc spend its money?
First Community Foundation Inc reported $2.7M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to First Community Foundation Inc tax-deductible?
First Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 316027662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Community Foundation Inc located?
First Community Foundation Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 316027662. It is classified under NTEE code T30.
How many years of IRS 990 filings does First Community Foundation Inc have?
First Community Foundation Inc 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for First Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Community Foundation Inc's revenue has grown by 476.2%, moving from $388K to $2.2M. Total assets increased by 65.4% over the same period, from $7.1M to $11.7M. Total functional expenses rose by 7.9%, from $581K to $627K. In its most recent filing year (2023), First Community Foundation Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $302K in liabilities against $11.7M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $627K | $11.7M | $302K | — | — |
| 2022 | $1.5M | $1.2M | $9.5M | $528K | — | — |
| 2021 | $1.7M | $773K | $10.6M | $182K | — | View 990 |
| 2020 | $1.1M | $704K | $9.3M | $164K | — | View 990 |
| 2019 | $1.3M | $1.6M | $8.1M | $36K | — | View 990 |
| 2018 | $1.4M | $1.1M | $7.5M | $109K | — | View 990 |
| 2017 | $1.0M | $1.9M | $7.8M | $103K | — | View 990 |
| 2016 | $1.1M | $619K | $8.4M | $200K | — | View 990 |
| 2015 | $1.5M | $712K | $7.9M | $191K | — | View 990 |
| 2014 | $815K | $797K | $8.2M | $200K | — | View 990 |
| 2013 | $609K | $677K | $8.3M | $226K | — | View 990 |
| 2012 | $417K | $620K | $7.4M | $69K | — | View 990 |
| 2011 | $388K | $581K | $7.1M | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $627K, and assets of $11.7M (revenue +51.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $9.5M (revenue -12.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $773K, and assets of $10.6M (revenue +52.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $704K, and assets of $9.3M (revenue -17.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.6M, and assets of $8.1M (revenue -4.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.1M, and assets of $7.5M (revenue +38.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.9M, and assets of $7.8M (revenue -3.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $619K, and assets of $8.4M (revenue -27.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $712K, and assets of $7.9M (revenue +79.2% year-over-year).
- 2014: Revenue of $815K, expenses of $797K, and assets of $8.2M (revenue +33.8% year-over-year).
- 2013: Revenue of $609K, expenses of $677K, and assets of $8.3M (revenue +46.0% year-over-year).
- 2012: Revenue of $417K, expenses of $620K, and assets of $7.4M (revenue +7.6% year-over-year).
- 2011: Revenue of $388K, expenses of $581K, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Community Foundation Inc:
Data Sources and Methodology
This transparency report for First Community 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.