First Ladies Initiative

Analysis

First Ladies Initiative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, First Ladies Initiative reported income of $188k and spending of $195k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $259k to $188k (-27%), an average of -28% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, First Ladies Initiative sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Chinese American Educational Exchange Ltd ($188k), African Childrens Haven ($188k) and Friends of Tilonia Inc ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (34% of expenses). Other salaries and wages came to $39k. At year end it held assets of $113k against liabilities of $0, net assets of $113k.