First-citizens Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
First-citizens Foundation Inc is a 501(c)(3) organization based in Smithfield, North Carolina, registered in 1957, with $27,358 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1415, Smithfield, NC, 27577 EIN 56-6044206 Since 1957
Revenue (FY2024)
$27K
▼ 40.3% vs prior year
Expenses (FY2024)
$30K
Net assets
$571K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for First-citizens Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating231 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For First-citizens Foundation Inc: 231 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for First-citizens Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For First-citizens Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1415, Smithfield, NC, 27577
- City
- Smithfield
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $32K (FY2013) to $27K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $571K
Operating margin
-8.4%
Spent more than it raised in the latest fiscal year.
Total assets
$571K
Total liabilities
$0
Net assets
$571K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,358▼40.3% | $29,647▼10.4% | $570,904▼0.4% | $570,904▼0.4% | 990PF |
| 2023 | $45,845▲115% | $33,080▼0.5% | $573,193▲2.3% | $573,193▲2.3% | 990PF |
| 2022 | $21,366▲10.5% | $33,260▼1.2% | $560,428▼2.1% | $560,428▼2.1% | 990PF |
| 2021 | $19,341▼30.9% | $33,678▲9.1% | $572,322▼2.4% | $572,322▼2.4% | 990PF |
| 2020 | $27,970▼41.9% | $30,881▲4.9% | $586,659▼0.5% | $586,659▼0.5% | 990PF |
| 2019 | $48,181▲37.4% | $29,438▼11.1% | $589,570▲3.3% | $589,570▲3.3% | 990PF |
| 2018 | $35,078▲6.7% | $33,100▲5.3% | $570,827▲0.3% | $570,827▲0.3% | 990PF |
| 2017 | $32,890▼1.8% | $31,447▲62.6% | $568,849▲0.3% | $568,849▲0.3% | 990PF |
| 2016 | $33,500▲11.2% | $19,341▲66.9% | $567,406▲2.6% | $567,406▲2.6% | 990PF |
| 2015 | $30,117▼15.6% | $11,587▼38.8% | $553,247▲3.5% | $553,247▲3.5% | 990PF |
| 2014 | $35,682▲12.0% | $18,939▼8.1% | $534,717▲3.2% | $534,717▲3.2% | 990PF |
| 2013 | $31,872 | $20,601▲23.1% | $517,974▲2.2% | $517,974▲2.2% | 990PF |
| 2012 | — | $16,741▼32.4% | $506,703▲3.0% | $506,703▲3.0% | 990PF |
| 2011 | — | $24,754 | $491,800 | $491,800 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is First-citizens Foundation Inc a legitimate nonprofit?
- Yes. First-citizens Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6044206, based in Smithfield, North Carolina. Donations are tax-deductible.
- What is First-citizens Foundation Inc's EIN?
- First-citizens Foundation Inc's Employer Identification Number (EIN) is 56-6044206.
- How much revenue does First-citizens Foundation Inc report?
- First-citizens Foundation Inc reported $27,358 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First-citizens Foundation Inc have?
- CharityIndex grades First-citizens Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for First-citizens Foundation Inc (EIN 56-6044206) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.