First Fruit Ministries
EIN: 311742774 · Wilmington, NC · NTEE: X21
Is First Fruit Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Fruit Ministries
First Fruit Ministries (EIN: 311742774) is a nonprofit organization based in Wilmington, NC, classified under NTEE code X21. The organization reported total revenue of $3.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Fruit Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Fruit Ministries is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$227K |
| Total Assets | $1.7M |
| Total Liabilities | $348K |
| Net Assets | $1.4M |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, First Fruit Ministries reported a surplus of $227K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Fruit Ministries's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.2% | +15.8% | -3.4% |
| 2022 | +17.6% | +21.1% | -2.0% |
| 2021 | -17.0% | -16.6% | +0.7% |
| 2020 | -7.0% | -12.2% | +1.2% |
| 2019 | +190.4% | +240.0% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Fruit Ministries 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 Fruit Ministries 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 $227K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.9%.
Frequently Asked Questions about First Fruit Ministries
Is First Fruit Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, First Fruit Ministries (EIN: 311742774) insufficient data. 0 red flags identified, 0 strengths noted.
How does First Fruit Ministries spend its money?
Detailed spending breakdown data is not yet available for First Fruit Ministries. Check back for updated IRS 990 analysis.
Are donations to First Fruit Ministries tax-deductible?
First Fruit Ministries is registered as a tax-exempt nonprofit (EIN: 311742774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for First Fruit Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Fruit Ministries's revenue has grown by 794.9%, moving from $385K to $3.4M. Total assets increased by 38.5% over the same period, from $1.3M to $1.7M. Total functional expenses rose by 612.5%, from $451K to $3.2M. In its most recent filing year (2023), First Fruit Ministries reported a surplus of $227K, with revenue exceeding expenses. The organization holds $348K in liabilities against $1.7M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.2M | $1.7M | $348K | — | View 990 |
| 2022 | $2.8M | $2.8M | $1.8M | $627K | — | — |
| 2021 | $2.4M | $2.3M | $1.8M | $680K | — | View 990 |
| 2020 | $2.9M | $2.8M | $1.8M | $750K | — | — |
| 2019 | $3.1M | $3.1M | $1.8M | $840K | — | View 990 |
| 2018 | $1.1M | $921K | $1.7M | $639K | — | View 990 |
| 2017 | $697K | $631K | $1.5M | $631K | — | View 990 |
| 2016 | $610K | $664K | $1.3M | $677K | — | View 990 |
| 2015 | $677K | $614K | $1.4M | $717K | — | View 990 |
| 2014 | $643K | $593K | $1.3M | $720K | — | View 990 |
| 2013 | $535K | $505K | $1.3M | $751K | — | View 990 |
| 2012 | $533K | $460K | $1.3M | $787K | — | View 990 |
| 2011 | $385K | $451K | $1.3M | $810K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.2M, and assets of $1.7M (revenue +23.2% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $1.8M (revenue +17.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $1.8M (revenue -17.0% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.8M, and assets of $1.8M (revenue -7.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $1.8M (revenue +190.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $921K, and assets of $1.7M (revenue +52.1% year-over-year).
- 2017: Revenue of $697K, expenses of $631K, and assets of $1.5M (revenue +14.3% year-over-year).
- 2016: Revenue of $610K, expenses of $664K, and assets of $1.3M (revenue -10.0% year-over-year).
- 2015: Revenue of $677K, expenses of $614K, and assets of $1.4M (revenue +5.3% year-over-year).
- 2014: Revenue of $643K, expenses of $593K, and assets of $1.3M (revenue +20.2% year-over-year).
- 2013: Revenue of $535K, expenses of $505K, and assets of $1.3M (revenue +0.3% year-over-year).
- 2012: Revenue of $533K, expenses of $460K, and assets of $1.3M (revenue +38.6% year-over-year).
- 2011: Revenue of $385K, expenses of $451K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Fruit Ministries:
Data Sources and Methodology
This transparency report for First Fruit Ministries 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.