First Contact Incorporated

Analysis

First Contact Incorporated is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in March 1994, 32 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 2023, First Contact Incorporated reported income of $114k and spending of $134k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $114k (-17%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 106% 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 Contact Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Mount Horeb Community Foundation Inc ($114k), Oaks West Church of Christ Testamentary Trust ($114k) and Schield Family Brands Employee Lite Foundation Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.