First Ward Community Service

Analysis

First Ward Community Service is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in December 1946, 80 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 December 2023, First Ward Community Service reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $1.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Ward Community Service sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include School Age Child Care of Leonia Inc ($1.0m), Miami Beach Watersports Center Inc ($1.0m) and National Taiwan University Medical College Alumni Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $43k (4.2% of expenses). Other salaries and wages came to $342k. At year end it held assets of $516k against liabilities of $61k, net assets of $455k. It reported 62 employees.