The First Source for Women Inc

Analysis

The First Source for Women Inc is a registered charity in United States, based in Hanceville, AL. It received its IRS tax-exemption ruling in April 2007, 19 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, The First Source for Women Inc reported income of $323k and spending of $425k, spending 132% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $370k to $323k (-13%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The First Source for Women Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Learning Tree Development Center ($323k), Toddle Town Child Day Care Center Inc ($323k) and Dreams Come True Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Other salaries and wages came to $182k. At year end it held assets of $265k against liabilities of $117k, net assets of $148k. It reported 5 employees.