First Friday Foundation Las Vegas
EIN: 461097401 · Las Vegas, NV · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $829K |
| Total Expenses | $861K |
| Net Assets | $21K |
Is First Friday Foundation Las Vegas Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Friday Foundation Las Vegas
First Friday Foundation Las Vegas (EIN: 461097401) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code B90. The organization reported total revenue of $829K and total assets of $357K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Friday Foundation Las Vegas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Friday Foundation Las Vegas is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $761K |
| Total Expenses | $861K |
| Surplus / Deficit | $-100,322 |
| Total Assets | $371K |
| Total Liabilities | $349K |
| Net Assets | $21K |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 94.3% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2023, First Friday Foundation Las Vegas reported a deficit of $100K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 94.3% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), First Friday Foundation Las Vegas's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +8.7% | -21.7% |
| 2022 | +41.4% | +67.2% | +3.3% |
| 2021 | +152.1% | +56.4% | +102.1% |
| 2020 | -68.1% | -61.1% | +57.5% |
| 2019 | -7.7% | +22.7% | -34.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Friday Foundation Las Vegas 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 Friday Foundation Las Vegas 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 deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.3%.
Frequently Asked Questions about First Friday Foundation Las Vegas
Is First Friday Foundation Las Vegas a legitimate charity?
First Friday Foundation Las Vegas (EIN: 461097401) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $829K. No red flags identified. Financial health grade: C.
How does First Friday Foundation Las Vegas spend its money?
First Friday Foundation Las Vegas reported $829K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to First Friday Foundation Las Vegas tax-deductible?
First Friday Foundation Las Vegas is registered as a tax-exempt nonprofit (EIN: 461097401). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Friday Foundation Las Vegas located?
First Friday Foundation Las Vegas is headquartered in Las Vegas, Nevada and files with the IRS under EIN 461097401. It is classified under NTEE code B90.
How many years of IRS 990 filings does First Friday Foundation Las Vegas have?
First Friday Foundation Las Vegas has 10 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 $829K in total revenue.
Filing History
IRS 990 filing history for First Friday Foundation Las Vegas showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), First Friday Foundation Las Vegas's revenue has grown by 1388.7%, moving from $51K to $761K. Total assets increased by 7123.4% over the same period, from $5K to $371K. Total functional expenses rose by 1322.2%, from $61K to $861K. In its most recent filing year (2023), First Friday Foundation Las Vegas reported a deficit of $100K, with expenses exceeding revenue. The organization holds $349K in liabilities against $371K in assets (debt-to-asset ratio: 94.3%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $761K | $861K | $371K | $349K | — | View 990 |
| 2022 | $793K | $792K | $473K | $353K | — | View 990 |
| 2021 | $561K | $474K | $458K | $338K | — | View 990 |
| 2020 | $222K | $303K | $227K | $194K | — | — |
| 2019 | $698K | $779K | $144K | $31K | — | View 990 |
| 2018 | $756K | $635K | $219K | $25K | — | View 990 |
| 2017 | $496K | $603K | $76K | $4K | — | View 990 |
| 2016 | $618K | $568K | $179K | $0 | — | View 990 |
| 2015 | $297K | $173K | $130K | $0 | — | View 990 |
| 2014 | $51K | $61K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $761K, expenses of $861K, and assets of $371K (revenue -4.0% year-over-year).
- 2022: Revenue of $793K, expenses of $792K, and assets of $473K (revenue +41.4% year-over-year).
- 2021: Revenue of $561K, expenses of $474K, and assets of $458K (revenue +152.1% year-over-year).
- 2020: Revenue of $222K, expenses of $303K, and assets of $227K (revenue -68.1% year-over-year).
- 2019: Revenue of $698K, expenses of $779K, and assets of $144K (revenue -7.7% year-over-year).
- 2018: Revenue of $756K, expenses of $635K, and assets of $219K (revenue +52.6% year-over-year).
- 2017: Revenue of $496K, expenses of $603K, and assets of $76K (revenue -19.8% year-over-year).
- 2016: Revenue of $618K, expenses of $568K, and assets of $179K (revenue +107.7% year-over-year).
- 2015: Revenue of $297K, expenses of $173K, and assets of $130K (revenue +481.9% year-over-year).
- 2014: Revenue of $51K, expenses of $61K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Friday Foundation Las Vegas:
Data Sources and Methodology
This transparency report for First Friday Foundation Las Vegas 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.