First Day Shoe Fund

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First Day Shoe Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

First Day Shoe Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around First Day Shoe Fund in one place.

Is First Day Shoe Fund Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, First Day Shoe Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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First Day Shoe Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About First Day Shoe Fund

First Day Shoe Fund (EIN: 204881364) is a nonprofit organization based in Portage, MI, classified under NTEE code P30. The organization reported total revenue of $693K and total assets of $916K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Day Shoe Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

First Day Shoe Fund is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, First Day Shoe Fund reported a surplus of $109K with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), First Day Shoe Fund's revenue has grown at a compound annual growth rate (CAGR) of 25.7%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates First Day Shoe Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, First Day Shoe Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $109K, with revenue exceeding expenses.
• Debt-to-asset ratio: 19.2%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor trust and resource allocation to programs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for First Day Shoe Fund:

• Consistent and significant revenue growth over the past decade.
• Strong asset accumulation, indicating financial stability and capacity.
• Zero reported officer compensation, suggesting efficient use of funds for mission.
• Expenses consistently lower than revenue, demonstrating sound financial management.
• Low liabilities relative to assets, indicating good financial health.

Frequently Asked Questions about First Day Shoe Fund

Filing History

IRS 990 filing history for First Day Shoe Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), First Day Shoe Fund's revenue has grown by 1449.3%, moving from $30K to $468K. Total assets increased by 4794% over the same period, from $15K to $725K. Total functional expenses rose by 1211.9%, from $27K to $359K. In its most recent filing year (2023), First Day Shoe Fund reported a surplus of $109K, with revenue exceeding expenses. The organization holds $139K in liabilities against $725K in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $586K.

Year-by-Year Financial Summary

• 2023: Revenue of $468K, expenses of $359K, and assets of $725K (revenue +7.8% year-over-year).
• 2022: Revenue of $434K, expenses of $252K, and assets of $503K (revenue +110.2% year-over-year).
• 2021: Revenue of $206K, expenses of $160K, and assets of $297K (revenue +19.5% year-over-year).
• 2020: Revenue of $173K, expenses of $126K, and assets of $252K (revenue -6.6% year-over-year).
• 2019: Revenue of $185K, expenses of $139K, and assets of $204K (revenue +16.4% year-over-year).
• 2018: Revenue of $159K, expenses of $132K, and assets of $158K (revenue +23.3% year-over-year).
• 2017: Revenue of $129K, expenses of $107K, and assets of $132K (revenue +18.9% year-over-year).
• 2016: Revenue of $108K, expenses of $88K, and assets of $111K (revenue +12.3% year-over-year).
• 2015: Revenue of $96K, expenses of $81K, and assets of $88K (revenue +32.8% year-over-year).
• 2014: Revenue of $73K, expenses of $52K, and assets of $72K (revenue -5.9% year-over-year).
• 2013: Revenue of $77K, expenses of $63K, and assets of $51K (revenue +32.0% year-over-year).
• 2012: Revenue of $59K, expenses of $38K, and assets of $36K (revenue +93.8% year-over-year).
• 2011: Revenue of $30K, expenses of $27K, and assets of $15K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for First Day Shoe Fund:

Data Sources and Methodology

This transparency report for First Day Shoe Fund 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.