First Place Endowment TR Fund

Analysis

First Place Endowment TR Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2023, 3 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, First Place Endowment TR Fund reported income of $134k and spending of $16k, leaving 88% of income unspent that year. Across the 6 years on record, from August 2018 to August 2023, income fell from $141k to $134k (-4.8%), an average of -1.0% a year. The sharpest change came in the year to August 2022, when income dropped by 63%. Over the whole period it spent 149% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Place Endowment TR Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Key International Foundation ($134k), Chesed Help & Hope Inc ($134k) and Day for Change ($134k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.