The First Source For Women Inc
The First Source For Women Inc consistently reports 0% officer compensation but has recently faced deficits with expenses exceeding revenue.
EIN: 205659416 · Hanceville, AL · NTEE: P40 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $425K |
| Program Spending | 85% |
| Net Assets | $148K |
| Transparency Score | 80/100 |
Search Intent Cockpit
The First Source For Women Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The First Source For Women 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 The First Source For Women Inc in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $323K and expenses of $425K.
Revenue and Expenses
The First Source For Women Inc reported $323K in revenue and $425K in expenses, a deficit of $102K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is The First Source For Women Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
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
| Program services | $361K (85%) |
Across stored filings, The First Source For Women Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with Association Of Tourist Railroads And Railway Museums Inc | Alabama and Human Services context |
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The First Source For Women Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The First Source For Women Inc
The First Source For Women Inc (EIN: 205659416) is a nonprofit organization based in Hanceville, AL, classified under NTEE code P40. The organization reported total revenue of $369K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The First Source For Women Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The First Source For Women Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $425K |
| Surplus / Deficit | $-102,054 |
| Total Assets | $265K |
| Total Liabilities | $117K |
| Net Assets | $148K |
| Operating Margin | -31.6% |
| Debt-to-Asset Ratio | 44.3% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2023, The First Source For Women Inc reported a deficit of $102K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 44.3% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), The First Source For Women Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.9% | +33.5% | +6.1% |
| 2022 | -32.2% | +56.4% | -21.4% |
| 2021 | +125.3% | +36.8% | +107.6% |
| 2020 | +11.9% | -18.2% | +26.1% |
| 2019 | -10.6% | -11.1% | -24.1% |
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 The First Source For Women Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The First Source For Women Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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:
- The organization reported a deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a highly positive sign for financial efficiency and ensures that donor funds are not used for 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 The First Source For Women Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($425,036 vs. $322,982) and 2022 ($318,399 vs. $250,610), indicating potential financial strain or reliance on reserves.
- Significant increase in liabilities to $117,403 in 2023, which warrants further investigation into its nature.
Strengths
The following positive indicators were identified for The First Source For Women Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial efficiency at the leadership level.
- Long filing history (11 filings) indicates sustained operation and compliance.
- Growth in revenue over the long term, from $77,603 in 2014 to $322,982 in 2023, despite recent deficits.
Frequently Asked Questions about The First Source For Women Inc
Is The First Source For Women Inc a legitimate charity?
The First Source For Women Inc (EIN: 205659416) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 80/100. It has 11 years of IRS 990 filings on record. Total revenue: $369K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The First Source For Women Inc spend its money?
The First Source For Women Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The First Source For Women Inc tax-deductible?
The First Source For Women Inc is registered as a tax-exempt nonprofit (EIN: 205659416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The First Source For Women Inc's spending goes to programs?
The First Source For Women Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The First Source For Women Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The First Source For Women Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The First Source For Women Inc located?
The First Source For Women Inc is headquartered in Hanceville, Alabama and files with the IRS under EIN 205659416. It is classified under NTEE code P40.
How many years of IRS 990 filings does The First Source For Women Inc have?
The First Source For Women Inc has 11 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 $369K in total revenue.
How does The First Source For Women Inc cover its expenses when they exceed revenue, as seen in 2023 and 2022?
The organization likely covers these deficits by drawing from accumulated reserves or prior year surpluses, as indicated by the fluctuation in assets and the increase in liabilities in 2023.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data does not offer a detailed breakdown, the consistent 0% officer compensation suggests a strong focus on program efficiency and minimal administrative overhead at the leadership level. A full 990 form would provide this detail.
What caused the significant increase in liabilities to $117,403 in 2023?
The provided summary data does not specify the nature of these liabilities. This could be due to various factors such as deferred revenue, accounts payable, or short-term loans. Further investigation of the full 990 form for 2023 would be necessary to understand this increase.
Filing History
IRS 990 filing history for The First Source For Women Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), The First Source For Women Inc's revenue has grown by 268%, moving from $88K to $323K. Total assets increased by 716.6% over the same period, from $32K to $265K. Total functional expenses rose by 569.8%, from $63K to $425K. In its most recent filing year (2023), The First Source For Women Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $117K in liabilities against $265K in assets (debt-to-asset ratio: 44.3%), resulting in net assets of $148K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $323K | $425K | $265K | $117K | — | — |
| 2022 | $251K | $318K | $250K | $0 | — | — |
| 2021 | $370K | $204K | $317K | $0 | — | View 990 |
| 2020 | $164K | $149K | $153K | $1K | — | — |
| 2019 | $147K | $182K | $121K | $448 | — | View 990 |
| 2018 | $164K | $205K | $160K | $4K | — | View 990 |
| 2017 | $186K | $114K | $199K | $2K | — | View 990 |
| 2016 | $145K | $91K | $125K | $1K | — | View 990 |
| 2015 | $95K | $72K | $71K | $563 | — | View 990 |
| 2014 | $78K | $62K | $48K | $0 | — | View 990 |
| 2013 | $88K | $63K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $323K, expenses of $425K, and assets of $265K (revenue +28.9% year-over-year).
- 2022: Revenue of $251K, expenses of $318K, and assets of $250K (revenue -32.2% year-over-year).
- 2021: Revenue of $370K, expenses of $204K, and assets of $317K (revenue +125.3% year-over-year).
- 2020: Revenue of $164K, expenses of $149K, and assets of $153K (revenue +11.9% year-over-year).
- 2019: Revenue of $147K, expenses of $182K, and assets of $121K (revenue -10.6% year-over-year).
- 2018: Revenue of $164K, expenses of $205K, and assets of $160K (revenue -12.0% year-over-year).
- 2017: Revenue of $186K, expenses of $114K, and assets of $199K (revenue +29.0% year-over-year).
- 2016: Revenue of $145K, expenses of $91K, and assets of $125K (revenue +52.5% year-over-year).
- 2015: Revenue of $95K, expenses of $72K, and assets of $71K (revenue +22.1% year-over-year).
- 2014: Revenue of $78K, expenses of $62K, and assets of $48K (revenue -11.6% year-over-year).
- 2013: Revenue of $88K, expenses of $63K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The First Source For Women Inc:
Data Sources and Methodology
This transparency report for The First Source For Women 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.