First Chance Foundation

Analysis

First Chance Foundation is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 June 2024, First Chance Foundation reported income of $96k and spending of $121k, spending 127% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $96k to $96k (-0.9%), an average of -0.4% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Chance Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include The Talented Teen Club Inc ($96k), Aviator Sports Booster Inc ($96k) and Mmi Alumni Battalion ($96k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.