First Community Foundation

Analysis

First Community Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Foundation reported income of $6.0m and spending of $1.1m, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $496k to $6.0m (+1110%), an average of +86% a year. The sharpest change came in the year to June 2022, when income rose by 1386%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within DE. Charities of a similar size with the same main cause include Resurrection Street Ministry Incorporated ($6.0m), West Hollywood Community Housing Corporation ($6.0m) and Residences at Eaton Senior Communities ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $14.6m against liabilities of $64k, net assets of $14.5m.