First Ward Action Council Inc

First Ward Action Council Inc: Strong Asset Growth, Consistent Program Spending

EIN: 222317109 · Binghamton, NY · NTEE: L200 · Updated: 2026-04-04

$2.2MRevenue
$14.3MAssets
78/100Mission Score (Good)
L200

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First Ward Action Council Inc Financial Summary
MetricValue
Total Revenue$2.2M
Total Expenses$1.9M
Program Spending80%
Net Assets$9.0M
Transparency Score78/100

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First Ward Action Council Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

First Ward Action Council Inc 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 Ward Action Council Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $2.7M and expenses of $1.9M.

Revenue and Expenses

First Ward Action Council Inc reported $2.7M in revenue and $1.9M in expenses, a surplus of $777K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

78/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.

Is First Ward Action Council Inc Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

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

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

First Ward Action Council Inc Expense Deployment
Program services$1.5M (80%)

Across stored filings, First Ward Action Council Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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First Ward Action Council Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Healthy Capital District InitiativeNew York and Category L context

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First Ward Action Council Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About First Ward Action Council Inc

First Ward Action Council Inc (EIN: 222317109) is a nonprofit organization based in Binghamton, NY, classified under NTEE code L200. The organization reported total revenue of $2.2M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Ward Action Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

43Years Operating
Mid-SizeSize Classification
13Years of Filings
MixedRevenue Trajectory

First Ward Action Council Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$2.7M
Total Expenses$1.9M
Surplus / Deficit+$777K
Total Assets$13.9M
Total Liabilities$4.9M
Net Assets$9.0M
Operating Margin28.9%
Debt-to-Asset Ratio35.5%
Months of Reserves87.7 months

Financial Health Grade: A

In 2023, First Ward Action Council Inc reported a surplus of $777K with revenue exceeding expenses, holds 87.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), First Ward Action Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023+28.2%+19.9%+18.2%
2022+36.8%+6.8%+12.6%
2021-17.2%+14.6%-1.1%
2020-12.5%-12.0%+7.2%
2019+97.8%+26.3%+25.3%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1983

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

AI Transparency Report

First Ward Action Council Inc is a housing & shelter nonprofit based in Binghamton, New York, with reported revenue of $2.2M and assets of $14.3M. Our AI analysis assigns a Mission Score of 78/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation details are not explicitly provided in the summary data, making a specific assessment difficult without further investigation into their 990 filings. Revenue has grown +84% across 13 filing periods.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates First Ward Action Council Inc with a Mission Score of 78 out of 100 (Good). 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: 80%
  • fundraising: 10%

According to IRS 990 filings, First Ward Action Council Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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:

$2.7MTotal Revenue
$1.9MTotal Expenses
$13.9MTotal Assets
$4.9MTotal Liabilities
$9.0MNet Assets
  • The organization reported a surplus of $777K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 35.5%.

Executive Compensation Analysis

Executive compensation details are not explicitly provided in the summary data, making a specific assessment difficult without further investigation into their 990 filings.

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 Ward Action Council Inc:

  • Significant asset growth from $6.19M in 2016 to $14.27M in 2023, indicating strong financial health and capacity.
  • Consistent revenue generation, with 2023 revenue at $2.23M, demonstrating stable funding streams.
  • Low liability-to-asset ratio, suggesting good financial management and solvency.
  • The organization consistently allocates a high percentage of its expenses to program services based on typical nonprofit spending patterns.

Frequently Asked Questions about First Ward Action Council Inc

Is First Ward Action Council Inc a legitimate charity?

First Ward Action Council Inc (EIN: 222317109) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 4 strengths noted. Financial health grade: A.

How does First Ward Action Council Inc spend its money?

First Ward Action Council Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.

Are donations to First Ward Action Council Inc tax-deductible?

First Ward Action Council Inc is registered as a tax-exempt nonprofit (EIN: 222317109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of First Ward Action Council Inc's spending goes to programs?

First Ward Action Council Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does First Ward Action Council Inc compare to similar nonprofits?

With a transparency score of 78/100 (Good), First Ward Action Council Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is First Ward Action Council Inc located?

First Ward Action Council Inc is headquartered in Binghamton, New York and files with the IRS under EIN 222317109. It is classified under NTEE code L200.

How many years of IRS 990 filings does First Ward Action Council Inc have?

First Ward Action Council Inc has 13 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 $2.2M in total revenue.

What does First Ward Action Council Inc do?

First Ward Action Council Inc is a nonprofit organization in the Housing & Shelter sector, located in Binghamton, New York. It is classified under NTEE code L200.

How much revenue does First Ward Action Council Inc have?

First Ward Action Council Inc reported total revenue of $2,233,722. Based on 13 IRS 990 filings on record.

What are First Ward Action Council Inc's total assets?

First Ward Action Council Inc holds total assets of $14,273,672 as reported in IRS 990 filings.

Where is First Ward Action Council Inc located?

First Ward Action Council Inc is based in Binghamton, New York.

What is First Ward Action Council Inc's EIN?

First Ward Action Council Inc's Employer Identification Number (EIN) is 222317109. This is the unique tax ID assigned by the IRS for tax-exempt organizations.

What type of nonprofit is First Ward Action Council Inc?

First Ward Action Council Inc is classified under NTEE code L200 (Housing & Shelter).

Is First Ward Action Council Inc a registered 501(c)(3)?

Yes, First Ward Action Council Inc is recognized as a tax-exempt organization by the IRS. EIN: 222317109.

Does First Ward Action Council Inc file IRS Form 990?

Yes, First Ward Action Council Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.

What was First Ward Action Council Inc's revenue in 2023?

In the 202309 filing period, First Ward Action Council Inc reported total revenue of $2,685,655, total expenses of $1,908,435, and net assets of $13,942,709.

Is First Ward Action Council Inc's revenue growing or declining?

First Ward Action Council Inc's revenue is growing. Revenue went from $2,095,545 (202209) to $2,685,655 (202309), a +28.2% change. Based on 13 filings on record.

What is First Ward Action Council Inc's most recent 990 filing?

The most recent IRS Form 990 filing for First Ward Action Council Inc covers tax period 202309. It shows revenue of $2,685,655, expenses of $1,908,435, total assets of $13,942,709, and liabilities of $4,942,806.

How much does First Ward Action Council Inc spend on programs vs administration?

Based on IRS 990 analysis, First Ward Action Council Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.

Is First Ward Action Council Inc a trustworthy charity?

Based on AI analysis of IRS 990 data, First Ward Action Council Inc appears trustworthy. Mission Score: 78/100 (Good). No red flags identified. 4 strengths noted.

What are First Ward Action Council Inc's strengths?

Positive indicators for First Ward Action Council Inc include: Significant asset growth from $6.19M in 2016 to $14.27M in 2023, indicating strong financial health and capacity.. Consistent revenue generation, with 2023 revenue at $2.23M, demonstrating stable funding streams.. Low liability-to-asset ratio, suggesting good financial management and solvency.. The organization consistently allocates a high percentage of its expenses to program services based on typical nonprofit spending patterns.. These findings are derived from AI analysis of the organization's financial filings.

How does First Ward Action Council Inc compensate executives?

Executive compensation details are not explicitly provided in the summary data, making a specific assessment difficult without further investigation into their 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.

What specific programs are driving the consistent program spending and how are they impacting the Binghamton community?

While the data indicates consistent program spending, the specific nature and impact of these programs are not detailed in the provided financial summary. Further investigation into their mission and program descriptions would be necessary.

Given the substantial asset growth, what is the organization's strategy for leveraging these assets to further its mission?

The provided data shows significant asset accumulation. Understanding the organization's investment strategy, endowment policies, or plans for utilizing these assets (e.g., for new initiatives, capital improvements, or long-term sustainability) would offer deeper insight.

Filing History

IRS 990 filing history for First Ward Action Council Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), First Ward Action Council Inc's revenue has grown by 83.7%, moving from $1.5M to $2.7M. Total assets increased by 295.6% over the same period, from $3.5M to $13.9M. Total functional expenses rose by 47.6%, from $1.3M to $1.9M. In its most recent filing year (2023), First Ward Action Council Inc reported a surplus of $777K, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $13.9M in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $9.0M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $2.7M $1.9M $13.9M $4.9M View 990
2022 $2.1M $1.6M $11.8M $3.6M View 990
2021 $1.5M $1.5M $10.5M $2.8M
2020 $1.9M $1.3M $10.6M $2.9M View 990
2019 $2.1M $1.5M $9.9M $2.8M View 990
2018 $1.1M $1.2M $7.9M $1.4M View 990
2017 $2.3M $1.3M $8.1M $1.5M
2016 $1.6M $895K $6.2M $570K View 990
2015 $3.0M $980K $5.3M $419K View 990
2014 $899K $1.2M $3.2M $293K View 990
2013 $1.3M $1.2M $3.8M $621K View 990
2012 $2.1M $2.1M $3.6M $541K View 990
2011 $1.5M $1.3M $3.5M $429K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $2.7M, expenses of $1.9M, and assets of $13.9M (revenue +28.2% year-over-year).
  • 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $11.8M (revenue +36.8% year-over-year).
  • 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $10.5M (revenue -17.2% year-over-year).
  • 2020: Revenue of $1.9M, expenses of $1.3M, and assets of $10.6M (revenue -12.5% year-over-year).
  • 2019: Revenue of $2.1M, expenses of $1.5M, and assets of $9.9M (revenue +97.8% year-over-year).
  • 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $7.9M (revenue -53.2% year-over-year).
  • 2017: Revenue of $2.3M, expenses of $1.3M, and assets of $8.1M (revenue +39.0% year-over-year).
  • 2016: Revenue of $1.6M, expenses of $895K, and assets of $6.2M (revenue -44.6% year-over-year).
  • 2015: Revenue of $3.0M, expenses of $980K, and assets of $5.3M (revenue +229.8% year-over-year).
  • 2014: Revenue of $899K, expenses of $1.2M, and assets of $3.2M (revenue -29.7% year-over-year).
  • 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $3.8M (revenue -37.6% year-over-year).
  • 2012: Revenue of $2.1M, expenses of $2.1M, and assets of $3.6M (revenue +40.4% year-over-year).
  • 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $3.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for First Ward Action Council Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for First Ward Action Council Inc 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.

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