First Hand Learning Inc

Analysis

First Hand Learning Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Hand Learning Inc reported income of $260k and spending of $297k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $260k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Hand Learning Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Aami Foundation Inc ($259k), Thomas Hart Music Boosters ($260k) and World Academy of Arts and Science ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $109k. At year end it held assets of $196k against liabilities of $65k, net assets of $131k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.