First Step Foundation

Analysis

First Step Foundation is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, First Step Foundation reported income of $1.0m and spending of $475, leaving 100% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $5,664 to $1.0m (+17740%), an average of +1236% a year. The sharpest change came in the year to June 2023, when income rose by 46810%. Over the whole period it spent 20% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Step Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within AR. Charities of a similar size with the same main cause include Characterworks Inc ($1.0m), Youth in Action Inc ($1.0m) and Groundwork Northeast Revitalization Group Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.