First Shot Foundation

Analysis

First Shot Foundation is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, First Shot Foundation reported income of $295k and spending of $293k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $189k to $295k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Shot Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include 8687 Columbus Sharks ($295k), Pawtucket Youth Soccer Assoc ($295k) and River City Gymnastics Club Inc ($295k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 73% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). At year end it held assets of $151k against liabilities of $3,014, net assets of $148k. It reported 1 employees.