First Fruits Foundation
First Fruits Foundation consistently maintains financial stability with zero officer compensation and growing assets.
EIN: 202102099 · Damariscotta, ME · NTEE: T20 · Updated: 2026-03-28
Is First Fruits Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Fruits Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Fruits Foundation
First Fruits Foundation (EIN: 202102099) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code T20. The organization reported total revenue of $37K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Fruits Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Fruits Foundation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, First Fruits Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 non-officer channels, which is highly commendable for a small organization of its size.
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.
Red Flags
The following concerns were identified during AI analysis of First Fruits Foundation's IRS 990 filings:
- None identified based on the provided financial data.
Strengths
The following positive indicators were identified for First Fruits Foundation:
- Consistent financial stability and growth in assets (from $12,697 in 2011 to $29,910 in 2023).
- Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
- Minimal liabilities ($1 across all periods), demonstrating strong financial management and low debt risk.
- Healthy surplus of revenue over expenses in most years (e.g., $38,455 revenue vs. $22,550 expenses in 2023).
- Long history of consistent IRS 990 filings, indicating strong transparency.
Frequently Asked Questions about First Fruits Foundation
Is First Fruits Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, First Fruits Foundation (EIN: 202102099) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does First Fruits Foundation spend its money?
First Fruits Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Fruits Foundation tax-deductible?
First Fruits Foundation is registered as a tax-exempt nonprofit (EIN: 202102099). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is First Fruits Foundation a good charity?
Based on the available IRS 990 data, First Fruits Foundation appears to be a very good charity. It demonstrates consistent financial health, low expenses relative to revenue, and a remarkable commitment to its mission by reporting 0% officer compensation for over a decade.
How has First Fruits Foundation's financial health changed over time?
First Fruits Foundation has shown consistent financial health and growth. Its assets have steadily increased from $12,697 in 2011 to $29,910 in 2023, while liabilities have remained minimal at $1. Revenue and expenses have fluctuated but generally maintained a healthy surplus, indicating stable operations.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a strong commitment to directing resources towards its mission rather than executive salaries. This is a significant positive indicator of efficiency and dedication.
Filing History
IRS 990 filing history for First Fruits Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), First Fruits Foundation's revenue has grown by 15.7%, moving from $33K to $38K. Total assets increased by 135.6% over the same period, from $13K to $30K. Total functional expenses rose by 29.9%, from $17K to $23K. In its most recent filing year (2023), First Fruits Foundation reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1 in liabilities against $30K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $23K | $30K | $1 | — | — |
| 2022 | $41K | $16K | $30K | $1 | — | — |
| 2021 | $26K | $14K | $22K | $1 | — | — |
| 2020 | $28K | $16K | $25K | $1 | — | — |
| 2019 | $27K | $10K | $31K | $1 | — | View 990 |
| 2015 | $35K | $18K | $11K | $1 | — | View 990 |
| 2014 | $27K | $12K | $13K | $1 | — | View 990 |
| 2013 | $37K | $17K | $14K | $1 | — | View 990 |
| 2012 | $30K | $18K | $10K | $1 | — | View 990 |
| 2011 | $33K | $17K | $13K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $23K, and assets of $30K (revenue -6.3% year-over-year).
- 2022: Revenue of $41K, expenses of $16K, and assets of $30K (revenue +56.1% year-over-year).
- 2021: Revenue of $26K, expenses of $14K, and assets of $22K (revenue -4.6% year-over-year).
- 2020: Revenue of $28K, expenses of $16K, and assets of $25K (revenue +3.4% year-over-year).
- 2019: Revenue of $27K, expenses of $10K, and assets of $31K (revenue -23.0% year-over-year).
- 2015: Revenue of $35K, expenses of $18K, and assets of $11K (revenue +28.9% year-over-year).
- 2014: Revenue of $27K, expenses of $12K, and assets of $13K (revenue -27.0% year-over-year).
- 2013: Revenue of $37K, expenses of $17K, and assets of $14K (revenue +21.3% year-over-year).
- 2012: Revenue of $30K, expenses of $18K, and assets of $10K (revenue -8.7% year-over-year).
- 2011: Revenue of $33K, expenses of $17K, and assets of $13K.
Data Sources and Methodology
This transparency report for First Fruits 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.