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
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.
AI Transparency Report
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.
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
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.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 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.
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.