Faithfirst Foundation

Analysis

Faithfirst Foundation is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faithfirst Foundation reported income of $149k and spending of $142k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $149k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faithfirst Foundation 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 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Music at Lawson ($149k), National Latino Farmers and Ranchers ($149k) and Coleopterists Society ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 20% of the total. At year end it held assets of $1.5m against liabilities of $398k, net assets of $1.1m.