Firstability Inc

Analysis

Firstability Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2021, Firstability Inc reported income of $909k and spending of $822k, spending 90% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $100k to $909k (+811%), an average of +109% a year. The sharpest change came in the year to December 2019, when income rose by 474%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Firstability Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Center for the Missing ($909k), Fund for Change Inc ($910k) and Children First Learning Center Foundation ($909k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $287k. At year end it held assets of $343k against liabilities of $190k, net assets of $153k.