Nonprofits First Inc

Analysis

Nonprofits First Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Nonprofits First Inc reported income of $1.7m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.7m (+16%), an average of +3.9% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nonprofits First Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Charlotte Regional Business Alliance Foundation ($1.7m), Talitha Koum Institute ($1.7m) and Able Works ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $241k (14% of expenses). Other salaries and wages came to $494k. At year end it held assets of $899k against liabilities of $343k, net assets of $556k. It reported 12 employees.