First Draft News Inc
Nonprofit profile at a glance
- EIN
- 833554102
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990 2022, Form 990-EZ 2023
- Location
- New York, NY, USA
- Phone
- 9178368567
- Rating confidence
- Limited
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $0
- Expenses
- $724,905
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CLAIRE WARDLE (PRESIDENT)
People named in this filing
- JUSTIN ROSS TREAS SECRET OP D (THRU 01/23, CONSULT. AS OF 02/23)
- CLAIRE WARDLE (PRESIDENT)
- ANUSHA ALIKHAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
First draft worked to protect communities from harmful information when it mattered most, sharing tips and resources to build resilence and empower people with knowledge.
What it reported doing in 2023
Research and insights - first draft provided public access to previously produced research and insights on misinformation and resource guides through the organization's website. In 2023, first draft news distributed its remaining assets as grants to organization with similar missions as part of its dissolution.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 2
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 74%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 14.4%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -39.7% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -30.6% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 74% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $537K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 9/100.