First Day Shoe Fund

Analysis

First Day Shoe Fund is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Day Shoe Fund reported income of $468k and spending of $359k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $206k to $468k (+127%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Day Shoe Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Humanity Heroes Foundation ($468k), Ohr Shmuel Inc ($468k) and Western Colorado Food Andagriculture Council ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $106k (29% of expenses). Other salaries and wages came to $4,873. At year end it held assets of $725k against liabilities of $139k, net assets of $586k. It reported 2 employees.