Charity Search / FIRST DAY SHOE FUND
Human Services (P30) IRS Verified DX Registered 990 on File

FIRST DAY SHOE FUND

EIN: 20-4881364 · PORTAGE, MI 49002-2104 · United States · FY 2025 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 94/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$841K
Total Revenue
$667K
Total Expenses
$964K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.3%
Fundraising Efficiency N/A
Operating Reserve 17.34x
Liability-to-Asset 11.6%
Revenue Diversification 97.4%
Executive Compensation $128K
Compared with Peers
FY 2025
Compared with 7,718 similar organizations (United States, Human Services, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.3% 87.1%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
20.6% 9.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.1% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
17.3 mo 8.7 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
11.6% 1.1%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
97.4% 95.9%
P10P90
Below median
Surplus margin
Surplus as a share of revenue
20.7% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $841K $667K $964K 76.3% 4
2023 $468K $359K $586K 75.2% 2
2022 $434K $252K $477K 77.2% 2
2021 $206K $160K N/A 2
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Organization Details
EIN
20-4881364
State
MI
City
PORTAGE
ZIP
49002-2104
Classification
P30
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2006
Foundation Code
15
Form 990
On File
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