First Day Shoe Fund

First Day Shoe Fund shows consistent growth and strong financial management with zero reported officer compensation.

EIN: 204881364 · Portage, MI · NTEE: P30 · Updated: 2026-03-28

$693KRevenue

$916KAssets

92/100Mission Score (Excellent)

P30

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.

AI Transparency Report

First Day Shoe Fund demonstrates strong financial health and growth, with its latest reported assets at $916,305 and revenue at $692,851. The organization has shown consistent revenue growth over the past several years, from $72,661 in 2014 to $467,768 in 2023, indicating increasing support and operational capacity. Their spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $359,039 against $467,768 in revenue. The organization also exhibits excellent transparency by reporting zero officer compensation across all available filings, suggesting a volunteer-driven leadership model or very modest compensation not categorized as officer pay, which is a positive indicator for donor confidence.

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.

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

Is First Day Shoe Fund a good charity?

Based on its financial data, First Day Shoe Fund appears to be a very good charity. It demonstrates strong financial growth, efficient spending (expenses consistently below revenue), and excellent transparency with 0% reported officer compensation.

How has First Day Shoe Fund's revenue grown over time?

First Day Shoe Fund has experienced significant revenue growth, increasing from $72,661 in 2014 to $467,768 in 2023, and its latest reported revenue is $692,851, indicating a strong upward trend in support.

What is First Day Shoe Fund's asset position?

The organization's assets have grown substantially, from $71,684 in 2014 to $724,710 in 2023, with the latest reported assets at $916,305, indicating a healthy and growing financial reserve.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$468K	$359K	$725K	$139K	—	View 990
2022	$434K	$252K	$503K	$26K	—	View 990
2021	$206K	$160K	$297K	$2K	—	View 990
2020	$173K	$126K	$252K	$3K	—	—
2019	$185K	$139K	$204K	$2K	—	View 990
2018	$159K	$132K	$158K	$3K	—	View 990
2017	$129K	$107K	$132K	$3K	—	View 990
2016	$108K	$88K	$111K	$3K	—	View 990
2015	$96K	$81K	$88K	$2K	—	View 990
2014	$73K	$52K	$72K	$1K	—	View 990
2013	$77K	$63K	$51K	$2K	—	View 990
2012	$59K	$38K	$36K	$1K	—	View 990
2011	$30K	$27K	$15K	$0	—	View 990

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.

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.