Firstfruits Foundation
Firstfruits Foundation shows recent financial recovery after years of volatile revenue and asset fluctuations.
EIN: 208962234 · Brentwood, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $199K |
| Total Expenses | $45K |
| Program Spending | 70% |
| Net Assets | $264K |
| Transparency Score | 65/100 |
Is Firstfruits Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Firstfruits Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Firstfruits Foundation
Firstfruits Foundation (EIN: 208962234) is a nonprofit organization based in Brentwood, TN, classified under NTEE code T20. The organization reported total revenue of $199K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firstfruits Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firstfruits Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $45K |
| Surplus / Deficit | +$261K |
| Total Assets | $264K |
| Total Liabilities | $1 |
| Net Assets | $264K |
| Operating Margin | 85.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.8 months |
Financial Health Grade: A
In 2023, Firstfruits Foundation reported a surplus of $261K with revenue exceeding expenses, holds 70.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Firstfruits Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +135.3% | -65.6% | +8418.3% |
| 2022 | +159.9% | +130.3% | -11.5% |
| 2021 | +16.5% | +0.1% | -65.3% |
| 2020 | -56.6% | -33.0% | -57.4% |
| 2019 | -47.9% | -67.5% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Firstfruits Foundation with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Firstfruits Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $261K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is not paid to officers, which is a positive indicator for donor funds being directed towards the mission rather than executive salaries.
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 Firstfruits Foundation's IRS 990 filings:
- Highly volatile financial history with extreme fluctuations in revenue and assets, indicating potential instability.
- Multiple years of operating deficits where expenses exceeded revenue (e.g., 202212, 202112, 202012, 201512, 201412, 201312).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Firstfruits Foundation:
- Zero reported officer compensation across all filings, suggesting efficient use of funds for leadership.
- Very low liabilities ($1 consistently reported), indicating a strong balance sheet with minimal debt.
- Significant financial recovery and asset growth in the most recent filing (202312), with a substantial surplus of $261,136 and assets increasing to $264,238.
Frequently Asked Questions about Firstfruits Foundation
Is Firstfruits Foundation a legitimate charity?
Firstfruits Foundation (EIN: 208962234) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $199K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Firstfruits Foundation spend its money?
Firstfruits Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Firstfruits Foundation tax-deductible?
Firstfruits Foundation is registered as a tax-exempt nonprofit (EIN: 208962234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Firstfruits Foundation's spending goes to programs?
Firstfruits Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Firstfruits Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Firstfruits Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Firstfruits Foundation located?
Firstfruits Foundation is headquartered in Brentwood, Tennessee and files with the IRS under EIN 208962234. It is classified under NTEE code T20.
How many years of IRS 990 filings does Firstfruits Foundation have?
Firstfruits Foundation 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 $199K in total revenue.
What caused the significant fluctuations in revenue and assets over the past decade?
The provided data shows extreme volatility, with revenue ranging from $830 (201412) to over $1 million (201112, 201212) and assets from $3,102 (202212) to $1,184,432 (201212). Understanding the underlying reasons for these swings, such as major grants, specific projects, or changes in funding strategy, is crucial for assessing long-term stability.
How does Firstfruits Foundation allocate its expenses between program services, administration, and fundraising?
The summary data only provides total expenses. A detailed breakdown is necessary to evaluate spending efficiency and ensure a high percentage of funds are directed towards its stated mission, especially given the very low expenses in 202312 ($44,813) relative to revenue ($305,949).
What is the nature of the organization's programs, especially given the NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations)?
As a grantmaking foundation, understanding its grant recipients, criteria, and impact is key to assessing its effectiveness. The financial data alone doesn't reveal the programmatic output.
What is the organization's strategy for maintaining financial stability after periods of significant deficits?
The organization experienced several years of expenses exceeding revenue (e.g., 202212, 202112, 202012, 201512, 201412, 201312). While 202312 shows a strong surplus, understanding the measures taken to prevent future deficits and ensure sustainable operations is important.
Filing History
IRS 990 filing history for Firstfruits Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Firstfruits Foundation's revenue has declined by 70%, moving from $1.0M to $306K. Total assets decreased by 51.5% over the same period, from $545K to $264K. Total functional expenses fell by 95.4%, from $976K to $45K. In its most recent filing year (2023), Firstfruits Foundation reported a surplus of $261K, with revenue exceeding expenses. The organization holds $1 in liabilities against $264K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $45K | $264K | $1 | — | View 990 |
| 2022 | $130K | $130K | $3K | $1 | — | View 990 |
| 2021 | $50K | $57K | $4K | $1 | — | View 990 |
| 2020 | $43K | $57K | $10K | $1 | — | View 990 |
| 2019 | $99K | $84K | $24K | $1 | — | View 990 |
| 2015 | $190K | $260K | $23K | $1 | — | View 990 |
| 2014 | $830 | $679K | $92K | $1 | — | View 990 |
| 2013 | $2K | $416K | $771K | $1 | — | View 990 |
| 2012 | $1.0M | $362K | $1.2M | $1 | — | View 990 |
| 2011 | $1.0M | $976K | $545K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $45K, and assets of $264K (revenue +135.3% year-over-year).
- 2022: Revenue of $130K, expenses of $130K, and assets of $3K (revenue +159.9% year-over-year).
- 2021: Revenue of $50K, expenses of $57K, and assets of $4K (revenue +16.5% year-over-year).
- 2020: Revenue of $43K, expenses of $57K, and assets of $10K (revenue -56.6% year-over-year).
- 2019: Revenue of $99K, expenses of $84K, and assets of $24K (revenue -47.9% year-over-year).
- 2015: Revenue of $190K, expenses of $260K, and assets of $23K (revenue +22795.1% year-over-year).
- 2014: Revenue of $830, expenses of $679K, and assets of $92K (revenue -63.1% year-over-year).
- 2013: Revenue of $2K, expenses of $416K, and assets of $771K (revenue -99.8% year-over-year).
- 2012: Revenue of $1.0M, expenses of $362K, and assets of $1.2M (revenue -1.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $976K, and assets of $545K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firstfruits Foundation:
Data Sources and Methodology
This transparency report for Firstfruits 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.