First R Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
First R Foundation Inc is a 501(c)(3) organization based in Gloucester, Massachusetts, registered in 2009, with $4,855 in FY2024 revenue. CharityIndex grades it F.
74 Langsford St, Gloucester, MA, 01930 EIN 26-3951059 Since 2009
Revenue (FY2024)
$4,855
▼ 62.1% vs prior year
Education median: $200K
Expenses (FY2024)
$8,212
Net assets
$45K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 R 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 →
FFinancial health25% of the rating66 mo reserves · -69% 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 R Foundation Inc: 66 mo reserves · -69% margin earns a F 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 R 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 R Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 74 Langsford St, Gloucester, MA, 01930
- City
- Gloucester
- State
- Massachusetts
- Category
- Education
- Subcategory
- Educational Services
Financial trends
Revenue declined from $9,977 (FY2010) to $4,855 (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Operating margin
-69.1%
Spent more than it raised in the latest fiscal year.
Total assets
$45K
Net assets
$45K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,855▼62.1% | $8,212▼49.1% | $45,410▲0.9% | $45,410▲0.9% | 990EZ |
| 2023 | $12,798▲6.6% | $16,139▲39.4% | $44,987▼6.9% | $44,987▼6.9% | 990EZ |
| 2022 | $12,006▼42.4% | $11,581▲36.0% | $48,328▲0.9% | $48,328▲0.9% | 990EZ |
| 2021 | $20,860▲56.4% | $8,517▼41.2% | $47,903▲34.7% | $47,903▲34.7% | 990EZ |
| 2020 | $13,341▼23.3% | $14,474▲62.0% | $35,560▼3.1% | $35,560▼3.1% | 990EZ |
| 2019 | $17,395▲42.0% | $8,937▼29.4% | $36,693▲30.0% | $36,693▲30.0% | 990EZ |
| 2018 | $12,251▼16.6% | $12,662▲46.5% | $28,235▼1.4% | $28,235▼1.4% | 990EZ |
| 2017 | $14,688▲5.2% | $8,645▼6.1% | $28,646▲26.7% | $28,646▲26.7% | 990EZ |
| 2016 | $13,963▼31.3% | $9,203▲6.7% | $22,603▲26.7% | $22,603▲26.7% | 990EZ |
| 2015 | $20,316▲129% | $8,629▲28.0% | $17,843▲190% | $17,843▲190% | 990EZ |
| 2014 | $8,862▲57.3% | $6,740▲27.1% | $6,156▲52.6% | $6,156▲52.6% | 990EZ |
| 2013 | $5,634▼28.0% | $5,303▼22.4% | $4,034▲8.9% | $4,034▲8.9% | 990EZ |
| 2012 | $7,827▲65.2% | $6,831▲31.4% | $3,703▲36.8% | $3,703▲36.8% | 990EZ |
| 2011 | $4,739▼52.5% | $5,200▼40.9% | $2,707▼14.6% | $2,707▼14.6% | 990EZ |
| 2010 | $9,977 | $8,803 | $3,168 | $3,168 | 990EZ |
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.
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Frequently asked questions
- Is First R Foundation Inc a legitimate nonprofit?
- Yes. First R Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3951059, based in Gloucester, Massachusetts. Donations are tax-deductible.
- What is First R Foundation Inc's EIN?
- First R Foundation Inc's Employer Identification Number (EIN) is 26-3951059.
- How much revenue does First R Foundation Inc report?
- First R Foundation Inc reported $4,855 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First R Foundation Inc have?
- CharityIndex grades First R Foundation Inc F, based on financial health (reserves and operating margin).
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Data for First R Foundation Inc (EIN 26-3951059) 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.