First Covenant Church Foundation
EIN: 264448696 · Omaha, NE · NTEE: X112
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $60K |
| Net Assets | $997K |
Is First Covenant Church Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Covenant Church Foundation
First Covenant Church Foundation (EIN: 264448696) is a nonprofit organization based in Omaha, NE, classified under NTEE code X112. The organization reported total revenue of $220K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Covenant Church Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Covenant Church Foundation is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $60K |
| Surplus / Deficit | +$31K |
| Total Assets | $997K |
| Net Assets | $997K |
| Operating Margin | 34.2% |
| Months of Reserves | 198.4 months |
Financial Health Grade: A
In 2023, First Covenant Church Foundation reported a surplus of $31K with revenue exceeding expenses, holds 198.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), First Covenant Church Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +157.6% | +64.5% | +19.7% |
| 2022 | -70.1% | +7.2% | -21.3% |
| 2021 | +288.6% | +7.4% | +13.5% |
| 2020 | -53.4% | -82.5% | +11.4% |
| 2019 | +57.3% | +293.6% | -0.5% |
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 Covenant Church Foundation 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 Covenant Church Foundation 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 $31K, with revenue exceeding expenses.
Frequently Asked Questions about First Covenant Church Foundation
Is First Covenant Church Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, First Covenant Church Foundation (EIN: 264448696) insufficient data. 0 red flags identified, 0 strengths noted.
How does First Covenant Church Foundation spend its money?
Detailed spending breakdown data is not yet available for First Covenant Church Foundation. Check back for updated IRS 990 analysis.
Are donations to First Covenant Church Foundation tax-deductible?
First Covenant Church Foundation is registered as a tax-exempt nonprofit (EIN: 264448696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Covenant Church Foundation located?
First Covenant Church Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 264448696. It is classified under NTEE code X112.
How many years of IRS 990 filings does First Covenant Church Foundation have?
First Covenant Church Foundation 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 $220K in total revenue.
Filing History
IRS 990 filing history for First Covenant Church Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Covenant Church Foundation's revenue has grown by 307.4%, moving from $22K to $92K. Total assets increased by 88.2% over the same period, from $530K to $997K. Total functional expenses rose by 112.8%, from $28K to $60K. In its most recent filing year (2023), First Covenant Church Foundation reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $60K | $997K | $0 | — | — |
| 2022 | $36K | $37K | $833K | $0 | — | View 990 |
| 2021 | $119K | $34K | $1.1M | $0 | — | View 990 |
| 2020 | $31K | $32K | $932K | $0 | — | View 990 |
| 2019 | $66K | $182K | $837K | $0 | — | View 990 |
| 2018 | $42K | $46K | $840K | $0 | — | View 990 |
| 2017 | $152K | $41K | $925K | $0 | — | View 990 |
| 2016 | $47K | $96K | $776K | $0 | — | View 990 |
| 2015 | $34K | $87K | $813K | $0 | — | View 990 |
| 2014 | $43K | $55K | $902K | $0 | — | View 990 |
| 2013 | $42K | $103K | $902K | $0 | — | View 990 |
| 2012 | $325K | $87K | $858K | $0 | — | View 990 |
| 2011 | $22K | $28K | $530K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $60K, and assets of $997K (revenue +157.6% year-over-year).
- 2022: Revenue of $36K, expenses of $37K, and assets of $833K (revenue -70.1% year-over-year).
- 2021: Revenue of $119K, expenses of $34K, and assets of $1.1M (revenue +288.6% year-over-year).
- 2020: Revenue of $31K, expenses of $32K, and assets of $932K (revenue -53.4% year-over-year).
- 2019: Revenue of $66K, expenses of $182K, and assets of $837K (revenue +57.3% year-over-year).
- 2018: Revenue of $42K, expenses of $46K, and assets of $840K (revenue -72.5% year-over-year).
- 2017: Revenue of $152K, expenses of $41K, and assets of $925K (revenue +220.4% year-over-year).
- 2016: Revenue of $47K, expenses of $96K, and assets of $776K (revenue +40.1% year-over-year).
- 2015: Revenue of $34K, expenses of $87K, and assets of $813K (revenue -20.5% year-over-year).
- 2014: Revenue of $43K, expenses of $55K, and assets of $902K (revenue +1.6% year-over-year).
- 2013: Revenue of $42K, expenses of $103K, and assets of $902K (revenue -87.1% year-over-year).
- 2012: Revenue of $325K, expenses of $87K, and assets of $858K (revenue +1344.6% year-over-year).
- 2011: Revenue of $22K, expenses of $28K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Covenant Church Foundation:
Data Sources and Methodology
This transparency report for First Covenant Church Foundation 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.