Head First Development
Head First Development faces financial challenges with recent expenses significantly exceeding revenue, leading to asset decline.
EIN: 202479901 · Salt Lake City, UT · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $341K |
| Program Spending | 70% |
| Net Assets | $223K |
| Transparency Score | 65/100 |
Is Head First Development Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Head First Development directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Head First Development
Head First Development (EIN: 202479901) is a nonprofit organization based in Salt Lake City, UT, classified under NTEE code Q33. The organization reported total revenue of $244K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Head First Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Head First Development is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $180K |
| Total Expenses | $341K |
| Surplus / Deficit | $-161,306 |
| Total Assets | $224K |
| Total Liabilities | $721 |
| Net Assets | $223K |
| Operating Margin | -89.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2023, Head First Development reported a deficit of $161K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Head First Development's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.9% | +0.9% | -41.8% |
| 2022 | -67.1% | -37.9% | -26.0% |
| 2021 | +67.3% | +49.1% | +8.2% |
| 2020 | -42.6% | -3.2% | +7.8% |
| 2019 | +53.2% | +2.3% | +154.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Head First Development 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, Head First Development 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 deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Head First Development consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is not reported under this category, which is a positive indicator for minimizing overhead.
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 Head First Development's IRS 990 filings:
- Expenses significantly exceeded revenue in the latest two fiscal periods (2023 and 2022), indicating operational deficits.
- Substantial decline in assets from $384,086 in 2022 to $223,501 in 2023, suggesting reliance on reserves.
- Inconsistent revenue streams, with significant fluctuations year-over-year (e.g., $618,855 in 2021 vs. $179,547 in 2023).
Strengths
The following positive indicators were identified for Head First Development:
- Consistent reporting of 0% officer compensation across all available filings, indicating low executive overhead.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to regulatory compliance and transparency.
- Maintained positive net assets despite periods of operational deficits.
Frequently Asked Questions about Head First Development
Is Head First Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Head First Development (EIN: 202479901) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Head First Development spend its money?
Head First Development directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Head First Development tax-deductible?
Head First Development is registered as a tax-exempt nonprofit (EIN: 202479901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Head First Development's spending goes to programs?
Head First Development directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Head First Development compare to similar nonprofits?
With a transparency score of 65/100 (Good), Head First Development is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Head First Development located?
Head First Development is headquartered in Salt Lake City, Utah and files with the IRS under EIN 202479901. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Head First Development have?
Head First Development 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 $244K in total revenue.
Why did expenses significantly exceed revenue in 2023 and 2022?
In 2023, expenses were $340,853 against revenue of $179,547, and in 2022, expenses were $337,747 against revenue of $203,755. This consistent deficit raises questions about funding sources for these shortfalls and the sustainability of operations.
What caused the substantial decrease in assets from $384,086 in 2022 to $223,501 in 2023?
The significant drop in assets, coupled with expenses exceeding revenue, indicates that the organization likely drew down its reserves to cover operational costs, which is not sustainable long-term.
How does Head First Development fund its operations when revenue is lower than expenses?
The organization appears to be relying on accumulated assets or other non-revenue sources to cover operational deficits, as seen in the 2023 and 2022 filings where expenses outstripped revenue.
Filing History
IRS 990 filing history for Head First Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Head First Development's revenue has declined by 20.2%, moving from $225K to $180K. Total assets increased by 221.1% over the same period, from $70K to $224K. Total functional expenses rose by 70.7%, from $200K to $341K. In its most recent filing year (2023), Head First Development reported a deficit of $161K, with expenses exceeding revenue. The organization holds $721 in liabilities against $224K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $180K | $341K | $224K | $721 | — | — |
| 2022 | $204K | $338K | $384K | $0 | — | View 990 |
| 2021 | $619K | $544K | $519K | $1K | — | View 990 |
| 2020 | $370K | $365K | $480K | $37K | — | View 990 |
| 2019 | $644K | $377K | $445K | $8K | — | View 990 |
| 2018 | $421K | $368K | $175K | $5K | — | View 990 |
| 2017 | $323K | $316K | $127K | $9K | — | View 990 |
| 2016 | $314K | $386K | $125K | $15K | — | View 990 |
| 2015 | $544K | $546K | $155K | $5K | — | View 990 |
| 2014 | $612K | $534K | $151K | $0 | — | View 990 |
| 2013 | $214K | $171K | $74K | $0 | — | View 990 |
| 2012 | $101K | $138K | $31K | $0 | — | View 990 |
| 2011 | $225K | $200K | $70K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $180K, expenses of $341K, and assets of $224K (revenue -11.9% year-over-year).
- 2022: Revenue of $204K, expenses of $338K, and assets of $384K (revenue -67.1% year-over-year).
- 2021: Revenue of $619K, expenses of $544K, and assets of $519K (revenue +67.3% year-over-year).
- 2020: Revenue of $370K, expenses of $365K, and assets of $480K (revenue -42.6% year-over-year).
- 2019: Revenue of $644K, expenses of $377K, and assets of $445K (revenue +53.2% year-over-year).
- 2018: Revenue of $421K, expenses of $368K, and assets of $175K (revenue +30.1% year-over-year).
- 2017: Revenue of $323K, expenses of $316K, and assets of $127K (revenue +3.0% year-over-year).
- 2016: Revenue of $314K, expenses of $386K, and assets of $125K (revenue -42.4% year-over-year).
- 2015: Revenue of $544K, expenses of $546K, and assets of $155K (revenue -11.0% year-over-year).
- 2014: Revenue of $612K, expenses of $534K, and assets of $151K (revenue +185.3% year-over-year).
- 2013: Revenue of $214K, expenses of $171K, and assets of $74K (revenue +112.4% year-over-year).
- 2012: Revenue of $101K, expenses of $138K, and assets of $31K (revenue -55.1% year-over-year).
- 2011: Revenue of $225K, expenses of $200K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Head First Development:
Data Sources and Methodology
This transparency report for Head First Development 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.