First Fruits Foundation Inc

Analysis

First Fruits Foundation Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in November 1998, 28 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Fruits Foundation Inc reported income of $128k and spending of $171k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $128k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 90% 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 Fruits Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Akshaya USA ($128k), United Way for Spoon River Country ($128k) and Random Tuesday Inc ($128k).

At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.